228 Loring Ave, Edison, NJ, 08817 | 6.88% Rental Yield

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228 Loring Ave, Edison, NJ, 08817 | 6.88% 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

Rental property for sale in Edison at 228 Loring Ave, Edison, NJ, 08817 offers $4,898/mo rent that, after a $4,180/mo payment. Total monthly income is $4,898/mo. Return on cash invested measures 14.98% in year one, and rental yield stands at 6.88% at a $854,000 entry. Equity gained on principal adds $5,511/yr while 5% annual appreciation compounds into $235,944 by year five. Five-year ROI records 77.62% and total cumulative return in cash reaches $218,093. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,898/mo property income versus a $4,180/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2017

5,000 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this well-maintained 2017-built property featuring 4 bedrooms, 2.5 bathrooms, 1 attached garage, and a fully finished basement with high ceilings. The modern layout offers elevated ceilings throughout, an open floor plan, and generously sized bedrooms, all filled with abundant natural light from numerous windows. Additional features include gas fireplace, 2017 HVAC system, 240V 50A power line for EV charger, 2025 Yr owned water softener, dual laundry hookups with potential for a second-floor laundry setup, first-floor bathroom for added convenience. The spacious kitchen flows into a large eat-in area, enhancing the property's open feel, with direct access to the private backyardperfect for entertaining or relaxing outdoors. Upstairs, the expansive primary bedroom features an en-suite bath, with a double-sink vanity that adds convenience during busy morning routines. Freshly painted interiors enhance the welcoming atmosphere. The finished high-ceiling basement offers generous space for storage and creates a sense of roominess, perfect for family gatherings, gym, or other versatile uses. Additional exterior upgrades include a 2-car width driveway and a 14'x8' backyard storage shed. Outstanding location advantage, providing easy reach to major highways, within 1 mile of the Edison train station and supermarkets such as H Mart and 99 Ranch, within 3 miles to Costco, Walmart and more. Close to Robert Wood Johnson Hospital, Saint Peter's Hospital, Rutgers University, shopping, a variety of dining , grocery options, and more. Don't miss this opportunityschedule your showing today!

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