289 Main St APT 10NSpotswoodNJ08884
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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 Spotswood at 289 Main St APT 10N, Spotswood, NJ, 08884 listed at $180,000 pairs $1,362/mo rent with a $881/mo payment to leave $79/mo cash flow. Total monthly income runs $1,362/mo, and annual cash flow reaches $948/yr on $59,670 cash to close. Return on cash invested measures 21.5% in year one, and rental yield registers 9.08% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 112.59% and total cumulative return in cash totals $67,181. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,362/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1964
1,650 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
2,986
Multi-Family
281
Businesses
221
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Listed by: HEATHER PITTS SCHON • RE/MAX COUNTRY
Mls Name: All Jersey MLS
Mls ID: #2660705M