215 College DrEdisonNJ08817
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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 Edison at 215 College Dr, Edison, NJ, 08817 at $259,000 posts ROI 27.06% with $512/mo cash flow from $2,358/mo rent. Total monthly income equals $2,358/mo, and annual cash flow records $6,139/yr on $85,859 to close. Return on cash invested measures 27.06% and rental yield reads 10.93% at the current $259,000. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 by year five. Five-year ROI prints 142.44% and total cumulative return in cash totals $122,296.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,358/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08817, Edison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,827 (100%) |
| Owner Occupied HU | 9,145 (51.3%) |
| Renter Occupied HU | 7,817 (43.8%) |
| Vacant Housing Units | 865 ( 4.9%) |
| Median Home Value | $472,544 |
| Average Home Value | $492,607 |
Housing Distribution
Address Breakdown
Residential
17,393
Single Family
15,735
Multi-Family
1,658
Businesses
1,358
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Listed by: ROSA GONZALEZ KENNEDY • REAL
Mls Name: All Jersey MLS
Mls ID: #2602542R