24 Leupp LnSomersetNJ08873
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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
Investment Highlights
Investment property for sale in Somerset at 24 Leupp Ln, Somerset, NJ, 08873 listed at $440,000 pairs $3,689/mo rent with a $2,154/mo payment to leave $552/mo cash flow. Total monthly income runs $3,689/mo, and annual cash flow reaches $6,628/yr on $145,860 cash to close. Return on cash invested measures 24.45% in year one, and rental yield registers 10.06% at a $440,000 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,564 by year five. Five-year ROI tracks 128.46% and total cumulative return in cash totals $187,366. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,689/mo property income relative to a $2,154/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
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Listed by: LUIS T. ESTRELLA • REALTY ONE GROUP LEGEND
Mls Name: All Jersey MLS
Mls ID: #2661003M