20 3rd St, Somerville, NJ, 08876 | $377/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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20 3rd St, Somerville, NJ, 08876 | $377/mo Cash Flow | 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

Rental property for sale in Somerville at 20 3rd St, Somerville, NJ, 08876 offers $4,475/mo rent that, after a $2,814/mo payment, leaves $377/mo cash flow. Total monthly income is $4,475/mo, and annual cash flow is $4,522/yr on $189,175 cash. Return on cash invested measures 22.45% in year one, and rental yield stands at 9.34% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 117.68% and total cumulative return in cash reaches $222,623. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,475/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 20 3rd Street, a thoughtfully updated home just steps from downtown Somerville. Nearly every major feature has been redone since 2017, including new windows (2017), kitchen and appliances (2018), engineered hardwood flooring, hot water heater (2020), and roof with gutters (2023). This multi-level home offers three bedrooms plus a finished loft with closet, two full baths, and an unfinished basement with exceptional storage and future potential. The main level features an open layout with a bright living room, spacious dining area, and modern kitchen, while the inviting covered front porch provides outdoor charm. A detached two-car garage adds convenience and value. Ideally located near Main Street dining, shops, parks, and NJ Transit, this property combines comfort, style, and everyday practicality.

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