17 Cummington LnFlemingtonNJ08822
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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 Flemington at 17 Cummington Ln, Flemington, NJ, 08822 priced at $579,000 converts $4,267/mo rent into $140/mo cash flow after a $2,834/mo obligation. Total monthly income equals $4,267/mo, and annual cash flow totals $1,679/yr on $190,491 invested. Return on cash invested prints 20.94% in year one, and rental yield reads 8.84% against a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation compiles into $159,967 by year five. Five-year ROI reaches 109.58% and total cumulative return in cash sums $208,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,267/mo property income covering a $2,834/mo payment, not borrower’s personal income.
Townhouse
Built in 1997
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08822, Flemington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,108 (100%) |
| Owner Occupied HU | 9,836 (75.0%) |
| Renter Occupied HU | 2,786 (21.3%) |
| Vacant Housing Units | 486 ( 3.7%) |
| Median Home Value | $566,418 |
| Average Home Value | $589,666 |
Housing Distribution
Address Breakdown
Residential
12,747
Single Family
12,470
Multi-Family
277
Businesses
1,692
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Listed by: Bridget Woodell • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3973165