21 S Davenport St, Somerville, NJ, 08876 | 6.73% Rental Yield

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21 S Davenport St, Somerville, NJ, 08876 | 6.73% Rental Yield | 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

Investment property for sale in Somerville at 21 S Davenport St, Somerville, NJ, 08876 earns from $3,359/mo rent with a $2,932/mo payment. Total monthly income totals $3,359/mo. ROI tracks 14.51% on current figures, and rental yield reads 6.73% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 75.14% and total cumulative return in cash sums $148,078. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,359/mo property income instead of your personal income.

Townhouse

Built in 2023

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this stunning two-bedroom townhome located in the highly desirable Avalon at Somerville Station community. Built in 2022, this move-in ready home offers modern living with thoughtful design and upgrades throughout. The entry level features a welcoming foyer, mudroom, and convenient access to the attached one-car garage, along with a powder room. The main living level boasts an open and spacious layout, including a bright living room, dining area, and a gorgeous eat-in kitchen with a large center island and breakfast bar, granite countertops, stainless steel appliances, and access to the private outdoor patio. Upstairs, the primary suite offers a generous walk-in closet and a luxurious en suite bathroom with a soaking tub and stall shower. A second bedroom, main bath, and laundry room complete this level.Residents of Somerville Station enjoy a low-maintenance lifestyle with a monthly HOA fee, unbeatable proximity to the train station 3-5 minute walk, vibrant downtown restaurants and shops, and easy access to major highways. A rare bonus, this home comes with a 20-year PILOT tax abatement currently in year two. Enjoy substantial savings with only 50% of standard property taxes due through year three, and just 65% from years four through twenty (buyer to confirm with township). Don't miss this incredible opportunity schedule your showing today!

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