1310 Conrad Way BLDG 1000 #1310, Somerset, NJ, 08873 | 6.76% Rental Yield

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1310 Conrad Way BLDG 1000 #1310, Somerset, NJ, 08873 | 6.76% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Somerset at 1310 Conrad Way BLDG 1000 #1310, Somerset, NJ, 08873 offers a 6.76% rental yield on a $489,900 purchase with $2,758/mo rent. 48% in year one. Equity gained on principal adds $3,161/yr while 5% annual appreciation supports $135,350 over five years. Portfolio math shows five-year ROI at 74.98% and total cumulative return in cash at $121,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,758/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautiful 2+ bed, 2 bath, top floor very desirable 55+ Community condo in sought after Somerset Run of Franklin Township, with a lifestyle at its best.Very Bright, quiet, spacious and breathtaking top floor views from the balcony adds to the beauty and enjoyment, plenty of natural light, updated flooring throughout. Two spacious bedrooms, den/library/office which could also be used as a third bedroom, two full bathrooms, and laundry room with extra storage. Primary bedroom with ensuite bath and oversized custom built closet. Spacious living area with tray ceiling and an extensive moldings, and kitchen with 42in Merrilat cabinets, granite countertops, garbage disposal and stainless steel appliances. Other perks are, storage unit, one assigned parking spot in underground garage with a Tesla charging station. The 25,000 sqft clubhouse offers indoor/outdoor pools, indoor whirlpool, locker room with showers and sauna, state of the art exercise room, card and billiard room, ballroom for various events, multi-use courts for tennis & pickeball, bocce & shuffleboard court, basketball hoop, bike path, and gazebos and ponds throughout the community.Close to major highways, shopping, trains and all things Central Jersey has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.

Housing Distribution

Housing Statistics

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