16 Millstone RdSomersetNJ08873
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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 Somerset at 16 Millstone Rd, Somerset, NJ, 08873 at $625,000 posts ROI 17.07% with from $3,943/mo rent. Total monthly income equals $3,943/mo. Return on cash invested measures 17.07% and rental yield reads 7.57% at the current $625,000. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 88.86% and total cumulative return in cash totals $182,725. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,943/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
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Listed by: PETER TVERDOV • TVERDOV HOUSING
Mls Name: All Jersey MLS
Mls ID: #2608141R