17 1/2 Thomas St, South River, NJ, 08882 | 4.75% Rental Yield

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17 1/2 Thomas St, South River, NJ, 08882 | 4.75% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in South River at 17 1/2 Thomas St, South River, NJ, 08882 listed at $750,000 pairs $2,970/mo rent with a $3,671/mo payment. Total monthly income runs $2,970/mo. Return on cash invested measures 8.51% in year one, and rental yield registers 4.75% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Five-year ROI tracks 42.89% and total cumulative return in cash totals $105,834. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,970/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1900

6,251 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this meticulously renovated 2-family home that perfectly blends modern luxury with functionality. Whether you're a homeowner looking to live in one unit and rent the other, or an investor seeking strong rental income, this property offers versatility, value, and style. The first-floor unit features a spacious open-concept layout with 2 generously sized bedrooms and 2 full bathrooms. The layout flows seamlessly from the living room to the kitchen, boasting brand-new cabinetry, quartz countertops, stainless steel appliances, and recessed lighting throughout. Upstairs, the second unit offers 3 bedrooms and 1.5 baths, also designed with an open floor plan and abundant natural light. Each bedroom is bright and airy, with ample closet space, and the bathrooms are fully upgraded with modern fixtures and finishes. Outside, the property shines with an incredible detached garage that fits up to 6 vehicles a rare find in today's market. In addition, there's a large private driveway and multiple additional parking spots, making it ideal for families with multiple vehicles or small business owners who need space for work vans or equipment. Everything has been thoughtfully upgraded from flooring and electrical to plumbing and mechanical systems providing true move-in ready peace of mind. Whether you're looking for luxury living with income potential or a high-yield investment in a prime location, this home checks every box.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08882, South River, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,913 (100%)
Owner Occupied HU	3,666 (62.0%)
Renter Occupied HU	2,002 (33.9%)
Vacant Housing Units	245 ( 4.1%)
Median Home Value	$489,055
Average Home Value	$507,833