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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% |
Investment property for sale in Somerset at 138 Canal Walk Blvd, Somerset, NJ, 08873 offers a 6.09% rental yield on a $899,000 purchase with $4,560/mo rent. 21% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Portfolio math shows five-year ROI at 57.9% and total cumulative return in cash at $171,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,560/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
5,662 sqft lot
$N/A/sqft
$334 monthly 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 |
|---|---|---|
| 2017-03-03 | Listing removed | $419,900 |
| 2017-01-01 | Pending sale | $419,900 |
| 2016-12-21 | Price change | $419,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-12 | $11285.09 | -4.83% | $645,600 | 5.13% |
| 2023-06-12 | $11858.27 | 1.99% | $614,100 | 7.34% |
| 2022-06-12 | $11626.54 | N/A | $572,100 | 8.99% |
Listed by: Kathleen Miller • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3968858
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.
