224 Somerset StNew BrunswickNJ08901
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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 New Brunswick at 224 Somerset St, New Brunswick, NJ, 08901 with 5% annual appreciation on a $699,900 basis while $3,648/mo rent supports operations. 07% in year one. Equity gained on principal adds $4,516/yr, and five-year appreciation sums $193,369 alongside rental yield of 6.25%. Five-year ROI measures 67.38% and total cumulative return in cash totals $155,156. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,648/mo property income versus a $3,426/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1912
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08901, New Brunswick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,186 (100%) |
| Owner Occupied HU | 3,152 (17.3%) |
| Renter Occupied HU | 12,900 (70.9%) |
| Vacant Housing Units | 2,134 (11.7%) |
| Median Home Value | $390,987 |
| Average Home Value | $438,988 |
Housing Distribution
Address Breakdown
Residential
16,374
Single Family
11,765
Multi-Family
4,609
Businesses
1,520
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Listed by: PETER F. MCDONNELL • CENTURY 21 SYLVIA GEIST AGENCY
Mls Name: All Jersey MLS
Mls ID: #2661052M