177 W High St #2SomervilleNJ08876
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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 Somerville at 177 W High St #2, Somerville, NJ, 08876 listed at $579,000 pairs $5,646/mo rent with a $2,834/mo payment to leave $1,519/mo cash flow. Total monthly income runs $5,646/mo, and annual cash flow reaches $18,227/yr on $190,491 cash to close. Return on cash invested measures 29.63% in year one, and rental yield registers 11.7% at a $579,000 basis. Equity gained on principal adds $3,736/yr, and annual property appreciation at 5% supports $159,967 by year five. Five-year ROI tracks 156.17% and total cumulative return in cash totals $297,487. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,646/mo property income relative to a $2,834/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08876, Somerville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,183 (100%) |
| Owner Occupied HU | 6,170 (55.2%) |
| Renter Occupied HU | 4,259 (38.1%) |
| Vacant Housing Units | 754 ( 6.7%) |
| Median Home Value | $537,859 |
| Average Home Value | $581,425 |
Housing Distribution
Address Breakdown
Residential
10,180
Single Family
9,519
Multi-Family
661
Businesses
1,475
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Listed by: Donna M. Groomes • Keller Williams Greater Brunswick
Mls Name: GSMLS
Mls ID: #3995993