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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 Edison at 24 Clark Ave, Edison, NJ, 08817 priced at $413,006 converts $3,674/mo rent into $731/mo cash flow after a $2,021/mo obligation. Total monthly income equals $3,674/mo, and annual cash flow totals $8,767/yr on $136,911 invested. Return on cash invested prints 26.31% in year one, and rental yield reads 10.67% against a $413,006 entry. Equity gained on principal adds $2,665/yr, while 5% annual appreciation compiles into $114,106 by year five. Five-year ROI reaches 138.42% and total cumulative return in cash sums $189,511. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,674/mo property income covering a $2,021/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08817, Edison, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,827 (100%) |
| Owner Occupied HU | 9,145 (51.3%) |
| Renter Occupied HU | 7,817 (43.8%) |
| Vacant Housing Units | 865 ( 4.9%) |
| Median Home Value | $472,544 |
| Average Home Value | $492,607 |
Residential
17,393
Single Family
15,735
Multi-Family
1,658
Businesses
1,358
Date | Event | Price |
|---|---|---|
| 1979-08-03 | Sold | $53,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-14 | $7703.81 | 0.51% | $134,400 | N/A |
| 2023-09-14 | $7664.83 | -0.04% | $134,400 | N/A |
| 2022-09-14 | $7667.52 | 0.39% | $134,400 | N/A |
Listed by: MICHELLE WASKO • C21 CHARLES SMITH AGENCY, INC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2603945R
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