23 W Grochowiak St, South River, NJ, 08882 | $679/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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23 W Grochowiak St, South River, NJ, 08882 | $679/mo Cash Flow | 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

Investment property for sale in South River at 23 W Grochowiak St, South River, NJ, 08882 offers a 10.47% rental yield on a $425,000 purchase with $3,708/mo rent. Total monthly income registers $3,708/mo, and a $2,080/mo payment leaves $679/mo available for distribution. Annual cash flow reaches $8,146/yr on $140,888 to close, and return on cash invested stands at 25.69% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 135.07% and total cumulative return in cash at $190,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,708/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1952

6,346 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this charming Cape-style house nestled on a quiet street in the heart of South River. Full of character, with arched doorways, hardwood floors hidden beneath the carpet, and a layout ideal for comfortable living and future expansion, offering endless potential. Features include a living rm, updated kitchen, a spacious primary bed, a second bed, and remodeled full bath. Up the stairs to the attic offers endless possibilitiescreate addtl beds, design a private suite, add another bath. Bring your vision. The full basement provides even more usable space. Whether you need storage, a workshop, or want to finish it into a recreation rm, the options are wide open. The fenced-in backyard completes the home, for outdoor fun. All of this is located in a prime spot close to major routes, mass transit, parks, and a variety of great restaurantsperfect for commuters and anyone who appreciates convenient amenities. A wonderful opportunity to personalize a home with classic charm and turn it into everything you've dreamed of.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08882, South River, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,913 (100%)
Owner Occupied HU	3,666 (62.0%)
Renter Occupied HU	2,002 (33.9%)
Vacant Housing Units	245 ( 4.1%)
Median Home Value	$489,055
Average Home Value	$507,833