








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Somerset at 2308 Conrad Way, Somerset, NJ, 08873 offers a 7.65% rental yield on a $415,000 purchase with $2,646/mo rent. 84% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 52.74% and total cumulative return in cash at $72,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,646/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
$843 monthly 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 |
|---|---|---|
| 2025-09-02 | Listed for sale | $415,000 |
| 2006-07-28 | Sold | $308,975 |
| 2005-05-26 | Sold | $308,975 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-03 | $6761.26 | -7.32% | $386,800 | 2.38% |
| 2023-09-03 | $7295.31 | 1.72% | $377,800 | 10.53% |
| 2022-09-03 | $7172.17 | N/A | $341,800 | 5.56% |



Listed by: Jana Wong • Keller Williams Greater Brunswick
Mls Name: GSMLS
Mls Provider:
Mls ID: #3984335
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