289 Main St APT 4QSpotswoodNJ08884
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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
Total monthly income runs $1,423/mo, and a $1,003/mo payment. Purchase price stands at $205,000, and rental yield measures 8.33% with $1,423/mo rent. Return on cash invested shows 19.24% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 100.55% and total cumulative return in cash records $68,334. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,423/mo property income covering a $1,003/mo payment rather than investor’s personal income.
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: OFIR HILLEL • ORANGE KEY REALTY, INC.
Mls Name: All Jersey MLS
Mls ID: #2607265R