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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Spotswood at 289 Main St APT 11B, Spotswood, NJ, 08884 uses $79,560 cash to close to unlock $12/yr annual cash flow and $1/mo monthly cash flow. Total monthly income runs $1,712/mo, and a $1,175/mo payment keeps the spread at $1/mo. Purchase price stands at $240,000, and rental yield measures 8.56% with $1,712/mo rent. Return on cash invested shows 19.92% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 104.15% and total cumulative return in cash records $82,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,712/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1964
2,130 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08884, Spotswood, NJ area.
| 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 |
Residential
3,267
Single Family
2,986
Multi-Family
281
Businesses
221
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Price change | $240,000 |
| 2025-01-13 | Listed for sale | $250,000 |
| 2024-11-07 | Contingent | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $4136.18 | 1.68% | $113,600 | N/A |
| 2023-02-18 | $4068.02 | 2.08% | $113,600 | N/A |
| 2022-02-18 | $3985.09 | 0.80% | $113,600 | N/A |
Listed by: Alyson Kelly • ERA CENTRAL LEVINSON
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2504630R
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.
