269 Spruce CtFlemingtonNJ08822
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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 Flemington at 269 Spruce Ct, Flemington, NJ, 08822 offers $3,032/mo rent that, after a $1,884/mo payment, leaves $288/mo cash flow. Total monthly income is $3,032/mo, and annual cash flow is $3,458/yr on $127,628 cash. Return on cash invested measures 22.62% in year one, and rental yield stands at 9.45% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 118.63% and total cumulative return in cash reaches $151,402. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,032/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No 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: Barbara Scholz • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4006621