23D Hanover Sq BLDG D #23, Middlesex, NJ, 08846 | $651/mo Cash Flow

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23D Hanover Sq BLDG D #23, Middlesex, NJ, 08846 | $651/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

Rental property for sale in Middlesex at 23D Hanover Sq BLDG D #23, Middlesex, NJ, 08846 generates $3,210/mo in rent and, after a $1,757/mo payment, leaves $651/mo in cash flow. Total monthly income is $3,210/mo, and annual cash flow is $7,815/yr on $119,009 invested. Return on cash invested sits at 26.48% in year one, and rental yield is 10.73% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 139.32% and total cumulative return in cash sums $165,799. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,210/mo property income rather than buyer’s personal income.

Condo

Built in 1985

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully updated condo featuring thermal synthetic laminate flooring throughout. The modern kitchen is equipped with what appears to be a quartz countertop, smart LG appliances including a stove, dishwasher, and French-door refrigerator, plus a waste disposal and a 1-stage water filtration system under the sink. The bathroom offers ceramic flooring and sink, a synthetic countertop, touchless faucet, its own 1-stage water filtration system, a smart exhaust fan with built-in Bluetooth speaker and LED lights, and an LED-illuminated mirror. Additional highlights include in-ceiling multicolor LED lighting, smart dimmers in every room, motion-sensor lighting in the bathroom, and ceiling fans with LED lights in each room. A brand-new HVAC system was installed in January 2025. The in-unit laundry room comes complete with a Samsung washer and dryer. Smart, stylish, and move-in ready?don?t miss this turnkey condo!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08846, Middlesex, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,620 (100%)
Owner Occupied HU	3,793 (67.5%)
Renter Occupied HU	1,660 (29.5%)
Vacant Housing Units	167 ( 3.0%)
Median Home Value	$455,549
Average Home Value	$512,040