16 Hamilton Dr #BSpotswoodNJ08884
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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
Investment property for sale in Spotswood at 16 Hamilton Dr #B, Spotswood, NJ, 08884 with 5% annual appreciation on a $429,900 basis while $2,520/mo rent supports operations. 33% in year one. Equity gained on principal adds $2,774/yr, and five-year appreciation sums $118,773 alongside rental yield of 7.03%. Five-year ROI measures 79.49% and total cumulative return in cash totals $113,287. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,520/mo property income versus a $2,104/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
6,869 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08884, Spotswood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,276 (100%) |
| Owner Occupied HU | 2,587 (79.0%) |
| Renter Occupied HU | 596 (18.2%) |
| Vacant Housing Units | 93 ( 2.8%) |
| Median Home Value | $471,823 |
| Average Home Value | $523,659 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
2,986
Multi-Family
281
Businesses
221
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Listed by: MADELINE DEVITO • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2660565M