2 Drake St, Bound Brook, NJ, 08805 | 7.76% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2 Drake St, Bound Brook, NJ, 08805 | 7.76% Rental Yield | Ziffy

For Sale

Fix & Flip

Rental Income

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

Rental property for sale in Bound Brook at 2 Drake St, Bound Brook, NJ, 08805 priced at $400,000 converts $2,586/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,586/mo. Return on cash invested prints 17.51% in year one, and rental yield reads 7.76% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 91.2% and total cumulative return in cash sums $120,928. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,586/mo property income covering a $1,958/mo payment, not borrower’s personal income.

Multi Family

Built in 1918

2,822 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 2-Family Home in prime location that could offer steady rental income! Experience this spacious two-family property offering endless potential and great investment opportunity. This well-maintained home features two separate units that has 2 bedrooms and 1 bath each unit. The property showcases a classic brick-and-siding exterior with a large bay window that brings in plenty of natural light. Inside, each unit offers comfortable living space with well-proportioned rooms and a practical layout. The home is conveniently located near shops, restaurants, schools, and public transportation that makes daily commutes and errands easy. Don't miss this chance to own a versatile property in a growing neighborhood. Grab your chance to get this fantastic find! Strict as-is sale.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,580 (100%)
Owner Occupied HU	2,430 (43.5%)
Renter Occupied HU	2,753 (49.3%)
Vacant Housing Units	397 ( 7.1%)
Median Home Value	$469,615
Average Home Value	$583,534