260 Spruce Ct #260FlemingtonNJ08822
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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 Flemington at 260 Spruce Ct #260, Flemington, NJ, 08822 earns $1,381/mo cash flow from $3,185/mo rent with a $1,036/mo payment. Total monthly income totals $3,185/mo, and annual cash flow totals $16,570/yr on $70,145 capital. ROI tracks 43.53% on current figures, and rental yield reads 18.06% at a $211,600 purchase. Equity gained on principal adds $1,365/yr, and 5% annual appreciation supports $58,461 over five years. Five-year ROI reaches 232.58% and total cumulative return in cash sums $163,142. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,185/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$182 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08822, Flemington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,108 (100%) |
| Owner Occupied HU | 9,836 (75.0%) |
| Renter Occupied HU | 2,786 (21.3%) |
| Vacant Housing Units | 486 ( 3.7%) |
| Median Home Value | $566,418 |
| Average Home Value | $589,666 |
Housing Distribution
Address Breakdown
Residential
12,747
Single Family
12,470
Multi-Family
277
Businesses
1,692
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Listed by: N/A • N/A
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