215 Waterford 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
Rental property for sale in Edison at 215 Waterford Dr, Edison, NJ, 08817 priced at $400,000 converts $2,956/mo rent into $105/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,956/mo, and annual cash flow totals $1,256/yr on $132,600 invested. Return on cash invested prints 20.86% in year one, and rental yield reads 8.87% 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 109.15% and total cumulative return in cash sums $144,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,956/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Condo
Built in 1995
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: YULIA KUSHNIR • KELLER WILLIAMS VILLAGE SQUARE
Mls Name: All Jersey MLS
Mls ID: #2609348R