119 Broadway RdCranburyNJ08512
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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 Cranbury at 119 Broadway Rd, Cranbury, NJ, 08512 priced at $1,125,000 converts $4,500/mo rent into after a $5,506/mo obligation. Total monthly income equals $4,500/mo. Return on cash invested prints 8.79% in year one, and rental yield reads 4.8% against a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation compiles into $310,817 by year five. Five-year ROI reaches 44.36% and total cumulative return in cash sums $161,708. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,500/mo property income covering a $5,506/mo payment, not borrower’s personal income.
Single Family
Built in 2003
6.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08512, Cranbury, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,842 (100%) |
| Owner Occupied HU | 3,010 (62.2%) |
| Renter Occupied HU | 1,571 (32.4%) |
| Vacant Housing Units | 261 ( 5.4%) |
| Median Home Value | $682,263 |
| Average Home Value | $699,679 |
Housing Distribution
Address Breakdown
Residential
4,859
Single Family
4,542
Multi-Family
317
Businesses
566
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Listed by: Michele Babino • Re/Max Select
Mls Name: GSMLS
Mls ID: #3983427