289 Main St APT 10F, Spotswood, NJ, 08884 | 8.23% Rental Yield

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289 Main St APT 10F, Spotswood, NJ, 08884 | 8.23% Rental Yield | 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

Total monthly income runs $1,639/mo, and a $1,170/mo payment. Purchase price stands at $239,000, and rental yield measures 8.23% with $1,639/mo rent. Return on cash invested shows 18.93% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 98.86% and total cumulative return in cash records $78,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,639/mo property income covering a $1,170/mo payment rather than investor’s personal income.

Condo

Built in 1964

2,134 sqft lot

$N/A/sqft

No HOA

More details about the property

2 bedroom!!! Upstairs!! Excellent location of this 2nd floor condo. Will be vacant as of January and ready for new occupant. Heat and Water included in Maint. fee. Many updates over the last 2 years. Carpet approx. 3 year old, also replace kitchen floor just over a year, Bath remodeled also in the past few years, Tub 2 years, newer windows, Painted less than 2 years ago. Fridge, dw all under 3 years. Building backs to the play ground area and no one behind you. Complex has laundry, parking is open with permit. Also available for rent, but prefer to sell.Limit on pet size but are allowed. Excellent schools in Spotswood! Easy to show.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08884, Spotswood, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,276 (100%)
Owner Occupied HU	2,587 (79.0%)
Renter Occupied HU	596 (18.2%)
Vacant Housing Units	93 ( 2.8%)
Median Home Value	$471,823
Average Home Value	$523,659