176 Edgewood TerSouth Bound BrookNJ08880
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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 South Bound Brook at 176 Edgewood Ter, South Bound Brook, NJ, 08880 priced at $989,000 converts $7,596/mo rent into $546/mo cash flow after a $4,841/mo obligation. Total monthly income equals $7,596/mo, and annual cash flow totals $6,555/yr on $325,381 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 9.22% against a $989,000 entry. Equity gained on principal adds $6,382/yr, while 5% annual appreciation compiles into $273,242 by year five. Five-year ROI reaches 115.67% and total cumulative return in cash sums $376,374. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,596/mo property income covering a $4,841/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08880, South Bound Brook, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,928 (100%) |
| Owner Occupied HU | 1,078 (55.9%) |
| Renter Occupied HU | 789 (40.9%) |
| Vacant Housing Units | 61 ( 3.2%) |
| Median Home Value | $385,096 |
| Average Home Value | $438,207 |
Housing Distribution
Address Breakdown
Residential
1,925
Single Family
1,808
Multi-Family
117
Businesses
130
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