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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Somerset at 23 Spring St, Somerset, NJ, 08873 generates $4,588/mo in rent and, after a $3,059/mo payment, leaves $133/mo in cash flow. Total monthly income is $4,588/mo, and annual cash flow is $1,598/yr on $205,625 invested. Return on cash invested sits at 20.84% in year one, and rental yield is 8.81% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 109.05% and total cumulative return in cash sums $224,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,588/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,399 (100%) |
| Owner Occupied HU | 14,076 (62.8%) |
| Renter Occupied HU | 7,273 (32.5%) |
| Vacant Housing Units | 1,050 ( 4.7%) |
| Median Home Value | $507,032 |
| Average Home Value | $561,292 |
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
Date | Event | Price |
|---|---|---|
| 2025-10-14 | Pending sale | $625,000 |
| 2025-10-03 | Sold | $625,000 |
| 2025-08-14 | Contingent | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $9855.22 | -1.13% | $563,800 | 9.73% |
| 2023-10-31 | $9967.72 | 14.52% | $513,800 | 13.22% |
| 2022-10-31 | $8704.25 | N/A | $453,800 | 16.21% |
Listed by: CAROL FERETICH • DITOMMASO REAL ESTATE NJ, INC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2561829M
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