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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 Edison at 1602 Raspberry Ct, Edison, NJ, 08817 listed at $298,000 pairs $2,364/mo rent with a $1,459/mo payment to leave $239/mo cash flow. Total monthly income runs $2,364/mo, and annual cash flow reaches $2,874/yr on $98,787 cash to close. Return on cash invested measures 22.82% in year one, and rental yield registers 9.52% at a $298,000 basis. Equity gained on principal adds $1,923/yr, and annual property appreciation at 5% supports $82,332 by year five. Five-year ROI tracks 119.7% and total cumulative return in cash totals $118,244. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,364/mo property income relative to a $1,459/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
2,299 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08817, Edison, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,827 (100%) |
| Owner Occupied HU | 9,145 (51.3%) |
| Renter Occupied HU | 7,817 (43.8%) |
| Vacant Housing Units | 865 ( 4.9%) |
| Median Home Value | $472,544 |
| Average Home Value | $492,607 |
Residential
17,393
Single Family
15,735
Multi-Family
1,658
Businesses
1,358
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: DEEPAK KUMAR • RE/MAX IN STYLE
Mls Name: All Jersey MLS
Mls ID: #2602840R
