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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 2N, Spotswood, NJ, 08884 earns $164/mo cash flow from $1,482/mo rent with a $905/mo payment. Total monthly income totals $1,482/mo, and annual cash flow totals $1,966/yr on $61,328 capital. ROI tracks 23.11% on current figures, and rental yield reads 9.61% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 121.28% and total cumulative return in cash sums $74,379. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,482/mo property income instead of your personal income.
Condo
Built in 1964
N/A 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: HEATHER PITTS SCHON • RE/MAX COUNTRY
Mls Name: All Jersey MLS
Mls ID: #2607509R
