261 W Main StBound BrookNJ08805
Nearby investment properties with comparable rents
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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 Bound Brook at 261 W Main St, Bound Brook, NJ, 08805 priced at $550,000 converts $3,960/mo rent into $40/mo cash flow after a $2,692/mo obligation. Total monthly income equals $3,960/mo, and annual cash flow totals $476/yr on $180,950 invested. Return on cash invested prints 20.32% in year one, and rental yield reads 8.64% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 106.28% and total cumulative return in cash sums $192,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,960/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Multi Family
Built in 1895
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,580 (100%) |
| Owner Occupied HU | 2,430 (43.5%) |
| Renter Occupied HU | 2,753 (49.3%) |
| Vacant Housing Units | 397 ( 7.1%) |
| Median Home Value | $469,615 |
| Average Home Value | $583,534 |
Housing Distribution
Address Breakdown
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
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Listed by: Deyanira Misseri • Nest Seekers New Jersey Llc
Mls Name: GSMLS
Mls ID: #4003857