113 Berwick StRaritanNJ08869
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Raritan at 113 Berwick St, Raritan, NJ, 08869 offers $3,180/mo rent that, after a $2,937/mo payment. Total monthly income is $3,180/mo. Return on cash invested measures 13.39% in year one, and rental yield stands at 6.36% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 69.09% and total cumulative return in cash reaches $136,380. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,180/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08869, Raritan, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,478 (100%) |
| Owner Occupied HU | 1,586 (45.6%) |
| Renter Occupied HU | 1,735 (49.9%) |
| Vacant Housing Units | 157 ( 4.5%) |
| Median Home Value | $474,089 |
| Average Home Value | $515,988 |
Housing Distribution
Address Breakdown
Residential
3,447
Single Family
2,820
Multi-Family
627
Businesses
373
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Listed by: Patrick M Kelly • Re/Max Preferred Professionals
Mls Name: GSMLS
Mls ID: #4003110