289 Main St APT 4P, Spotswood, NJ, 08884 | $101/mo Cash Flow

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289 Main St APT 4P, Spotswood, NJ, 08884 | $101/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

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

Investment property for sale in Spotswood at 289 Main St APT 4P, Spotswood, NJ, 08884 offers a 9.16% rental yield on a $199,999 purchase with $1,527/mo rent. Total monthly income registers $1,527/mo, and a $979/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,216/yr on $66,300 to close, and return on cash invested stands at 21.74% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 113.95% and total cumulative return in cash at $75,548. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,527/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1964

1,650 sqft lot

$N/A/sqft

No HOA

More details about the property

Move-in Ready Convenience! Step into a home that's completely ready for occupancy, no repairs or updates needed. Every detail has been thoughtfully refreshed by the owners, from the fresh paint to the brand-new luxury vinyl plank floors, offering a modern, inviting feel throughout. Enjoy the bright, airy ambiance created by recessed lighting and contemporary ceiling fan fixtures installed in all main rooms. The bathroom has been tastefully renovated in recent years, adding both style and functionality. All windows have been upgraded to high-efficiency Solid Castle Windows, featuring a lifetime warranty for peace of mind. This community supports every lifestyle, with a playground and an on-site laundry facility for everyday convenience. The HOA fee includes most essentials - water, heat, sewer, trash removal, exterior maintenance, snow removal, and landscaping, so you can focus on enjoying your new home, worry-free. The property is ideally situated close to major shopping centers, highways for an easy commute, and the scenic Jersey Shore, perfect for weekend getaways. This is a rare opportunity to live in a meticulously maintained condo offering comfort, convenience, and an unbeatable location. Ideal for investors seeking a low-maintenance, income-producing property in a desirable area. This property could be an excellent addition to any investment portfolio.

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