289 Main St APT 9RSpotswoodNJ08884
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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
Rental property for sale in Spotswood at 289 Main St APT 9R, Spotswood, NJ, 08884 generates $1,469/mo in rent and, after a $1,003/mo payment, leaves $8/mo in cash flow. Total monthly income is $1,469/mo, and annual cash flow is $98/yr on $67,958 invested. Return on cash invested sits at 20.05% in year one, and rental yield is 8.6% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 104.92% and total cumulative return in cash sums $71,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,469/mo property income rather than buyer’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: HEATHER PITTS SCHON • RE/MAX COUNTRY
Mls Name: All Jersey MLS
Mls ID: #2660779M