1414 Magnolia Ln UNIT 1414SomervilleNJ08876
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1414 Magnolia Ln UNIT 1414, Somerville, NJ, 08876 generates $3,238/mo in rent and, after a $1,762/mo payment, leaves $297/mo in cash flow. Total monthly income is $3,238/mo, and annual cash flow is $3,567/yr on $119,307 invested. Return on cash invested sits at 22.9% in year one, and rental yield is 10.8% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash sums $144,962. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,238/mo property income rather than buyer’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
$375 monthly 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: Joseph T Kozoh • Keller Williams Cornerstone
Mls Name: GSMLS
Mls Provider:
Mls ID: #3919493
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