1515 Longley CtBranchburgNJ08876
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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 Branchburg at 1515 Longley Ct, Branchburg, NJ, 08876 generates $2,946/mo in rent and, after a $1,904/mo payment, leaves $173/mo in cash flow. Total monthly income is $2,946/mo, and annual cash flow is $2,079/yr on $128,954 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 9.09% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 112.74% and total cumulative return in cash sums $145,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,946/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A 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: Lisa Middleton • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4002960