24 Sternadori Rd #24SomervilleNJ08876
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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
Rental property for sale in Somerville at 24 Sternadori Rd #24, Somerville, NJ, 08876 priced at $564,000 pairs $4,403/mo rent with $383/mo cash flow after a $2,761/mo payment. Total monthly income equals $4,403/mo, and annual cash flow comes to $4,601/yr on $185,556 invested. Return on cash invested is 22.54% in year one, and rental yield stands at 9.37% on a $564,000 basis. Equity gained on principal adds $3,639/yr, and 5% annual appreciation accumulates to $155,823 by year five. Five-year ROI measures 118.17% and total cumulative return in cash reaches $219,277. For financing, Ziffy Mortgage’s DSCR program evaluates $4,403/mo property income against a $2,761/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08876, Somerville, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,180
Single Family
9,519
Multi-Family
661
Businesses
1,475
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A