25 Steeplechase Ct #25, Somerset, NJ, 08802 | $287/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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25 Steeplechase Ct #25, Somerset, NJ, 08802 | $287/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

Investment property for sale in Somerset at 25 Steeplechase Ct #25, Somerset, NJ, 08802 offers a 9.6% rental yield on a $330,000 purchase with $2,639/mo rent. Total monthly income registers $2,639/mo, and a $1,615/mo payment leaves $287/mo available for distribution. Annual cash flow reaches $3,444/yr on $109,395 to close, and return on cash invested stands at 23.06% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 120.94% and total cumulative return in cash at $132,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,639/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated first-floor condo in the heart of Franklin, New Jersey! Nestled within a peaceful community, this delightful home offers the perfect blend of comfort, style, and convenience. With numerous recent upgrades, it's truly move-in ready.Step inside to a bright and airy living space enhanced by modern finishes and thoughtful details throughout. The chef's kitchen features a brand-new refrigerator (2024), new microwave (2025), dishwasher (2023), and generous cabinetry for ample storage. Stylish farmhouse-style closet doors (2021) add a touch of rustic charm and functionality.The fully renovated bathroom showcases elegant finishes and contemporary fixtures, creating a relaxing, spa-like atmosphere. For added convenience, enjoy a new washer and dryer (2025).Major systems have also been meticulously maintained and updated for peace of mind, including a new electrical panel (2019), water heater (2017), and energy-efficient HVAC wall vent (2017).Enjoy low-maintenance living in a prime Franklin location close to shopping, dining, parks, and major commuter routes making this home ideal for both comfort and lifestyle.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08802, Asbury, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,566 (100%)
Owner Occupied HU	1,380 (88.1%)
Renter Occupied HU	130 ( 8.3%)
Vacant Housing Units	56 ( 3.6%)
Median Home Value	$557,955
Average Home Value	$569,612