13 Griffin LaneCranburyNJ08512
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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 13 Griffin Lane, Cranbury, NJ, 08512 generates $3,564/mo in rent, after a $4,187/mo payment. Total monthly income is $3,564/mo. Return on cash invested sits at 9.26% in year one, and rental yield is 5% on a $855,405 entry. Equity gained on principal adds $5,520/yr, while 5% annual appreciation builds toward $236,333 over five years. Five-year ROI reaches 46.93% and total cumulative return in cash sums $132,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,564/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A 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: Debra A Glatz • Lennar Sales Corp.
Mls Name: MoreMLS
Mls ID: #22600985