126 N Richards AveSomervilleNJ08876
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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 Somerville at 126 N Richards Ave, Somerville, NJ, 08876 offers $2,427/mo rent that, after a $1,958/mo payment. Total monthly income is $2,427/mo. Return on cash invested measures 16.07% in year one, and rental yield stands at 7.28% at a $400,000 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,513 by year five. Five-year ROI records 83.49% and total cumulative return in cash reaches $110,704. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,427/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08876, Somerville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,183 (100%) |
| Owner Occupied HU | 6,170 (55.2%) |
| Renter Occupied HU | 4,259 (38.1%) |
| Vacant Housing Units | 754 ( 6.7%) |
| Median Home Value | $537,859 |
| Average Home Value | $581,425 |
Housing Distribution
Address Breakdown
Residential
10,180
Single Family
9,519
Multi-Family
661
Businesses
1,475
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Listed by: Michael Locascio • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #3999623