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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Watchung at 202 Sophia Ct, Watchung, NJ, 07069 priced at $1,409,000 converts $1,920/mo rent into after a $6,896/mo obligation. Total monthly income equals $1,920/mo. Return on cash invested prints -2.01% in year one, and rental yield reads 1.64% against a $1,409,000 entry. Equity gained on principal adds $9,092/yr, while 5% annual appreciation compiles into $389,281 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $6,896/mo payment, not borrower’s personal income.
Townhouse
Built in 2022
435.60 sqft lot
$N/A/sqft
$392 monthly HOA
Neighborhood data shown for ZIP Code: 07069, Watchung, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,060 (100%) |
| Owner Occupied HU | 2,188 (71.5%) |
| Renter Occupied HU | 777 (25.4%) |
| Vacant Housing Units | 95 ( 3.1%) |
| Median Home Value | $835,962 |
| Average Home Value | $867,602 |
Residential
2,432
Single Family
2,330
Multi-Family
102
Businesses
280
Date | Event | Price |
|---|---|---|
| 2024-05-01 | Listed for sale | $1,409,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $3061.50 | 42.66% | $150,000 | 50.00% |
| 2022-10-16 | $2146.00 | N/A | $100,000 | N/A |
| 2021-10-16 | N/A | N/A | $100,000 | 33.33% |
Listed by: Marissa Paolella • Paul Anthony Agency, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3899374
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
