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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% |
Investment property for sale in Somerville at 232 N Branch River Rd, Somerville, NJ, 08876 at $479,900 posts ROI 19.68% with from $3,898/mo rent. Total monthly income equals $3,898/mo. Return on cash invested measures 19.68% and rental yield reads 9.75% at the current $479,900. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,588 by year five. Five-year ROI prints 104.27% and total cumulative return in cash totals $165,885. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,898/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2020
N/A lot
$N/A/sqft
$507 monthly HOA
Neighborhood data shown for ZIP Code: 08876, Somerville, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,183 (100%) |
| Owner Occupied HU | 6,170 (55.2%) |
| Renter Occupied HU | 4,259 (38.1%) |
| Vacant Housing Units | 754 ( 6.7%) |
| Median Home Value | $537,859 |
| Average Home Value | $581,425 |
Residential
10,180
Single Family
9,519
Multi-Family
661
Businesses
1,475
Date | Event | Price |
|---|---|---|
| 2020-05-29 | Sold | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-24 | $7087.92 | 1.13% | $392,900 | 4.89% |
| 2023-09-24 | $7008.77 | -9.37% | $374,600 | 0.43% |
| 2022-09-24 | $7733.01 | N/A | $373,000 | 1.97% |
Listed by: Benny Yento • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3988424
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
