289 Main St APT 6E, Spotswood, NJ, 08884 | 8.37% Rental Yield

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289 Main St APT 6E, Spotswood, NJ, 08884 | 8.37% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Spotswood at 289 Main St APT 6E, Spotswood, NJ, 08884 generates $1,465/mo in rent, after a $1,028/mo payment. Total monthly income is $1,465/mo. Return on cash invested sits at 19.36% in year one, and rental yield is 8.37% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 101.09% and total cumulative return in cash sums $70,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,465/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Investors or downsizes. Very large, bright and spacious ground floor one-bedroom apartment located in the heart of Spotswood, NJ. This well-maintained unit is perfect for commuters, offering easy access to major highways and public transportation for a smooth ride to NYC or nearby towns. The apartment features a generously sized bedroom with ample closet space, a sunny living room with large windows, a clean and updated bathroom, and a functional kitchen with plenty of cabinet storage. Heat and water are included in the monthly rent, making budgeting simple and stress-free. Also, listed for rent. Rented for $1,950

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