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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 1231 Hamilton St, Somerset, NJ, 08873 priced at $559,900 pairs $4,650/mo rent with $660/mo cash flow after a $2,740/mo payment. Total monthly income equals $4,650/mo, and annual cash flow comes to $7,915/yr on $184,207 invested. Return on cash invested is 24.36% in year one, and rental yield stands at 9.97% on a $559,900 basis. Equity gained on principal adds $3,613/yr, and 5% annual appreciation accumulates to $154,690 by year five. Five-year ROI measures 127.91% and total cumulative return in cash reaches $235,618. For financing, Ziffy Mortgage’s DSCR program evaluates $4,650/mo property income against a $2,740/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.59 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2022-01-14 | Sold | $350,000 |
| 2010-08-03 | Sold | $190,000 |
| 2010-06-19 | Listed for sale | $175,490 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $6635.41 | -3.00% | $379,600 | 7.66% |
| 2023-04-14 | $6840.44 | 16.91% | $352,600 | 18.08% |
| 2022-04-14 | $5851.13 | N/A | $298,600 | 13.75% |
Listed by: Maria Castillo • Franko Realty Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3956444
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
