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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Somerset at 1111 Conrad Way, Somerset, NJ, 08873 priced at $431,100 converts $3,542/mo rent into $189/mo cash flow after a $2,110/mo obligation. Total monthly income equals $3,542/mo, and annual cash flow totals $2,271/yr on $142,910 invested. Return on cash invested prints 21.5% in year one, and rental yield reads 9.86% against a $431,100 entry. Equity gained on principal adds $2,782/yr, while 5% annual appreciation compiles into $119,105 by year five. Five-year ROI reaches 113.47% and total cumulative return in cash sums $162,156. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,542/mo property income covering a $2,110/mo payment, not borrower’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$280 monthly HOA
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,399 (100%) |
| Owner Occupied HU | 14,076 (62.8%) |
| Renter Occupied HU | 7,273 (32.5%) |
| Vacant Housing Units | 1,050 ( 4.7%) |
| Median Home Value | $507,032 |
| Average Home Value | $561,292 |
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
Date | Event | Price |
|---|---|---|
| 2025-08-07 | Listing removed | $435,000 |
| 2025-05-07 | Listed for sale | $435,000 |
| 2022-08-12 | Sold | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $6152.96 | -7.91% | $352,000 | 1.73% |
| 2023-10-17 | $6681.26 | -2.70% | $346,000 | 7.45% |
| 2022-10-17 | $6866.50 | N/A | $322,000 | 3.87% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
