289 Main St APT 9R, Spotswood, NJ, 08884 | $8/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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289 Main St APT 9R, Spotswood, NJ, 08884 | $8/mo Cash Flow | Ziffy

For Sale

Currently Rented

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 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

More details about the property

Charming 1-bedroom, 1-bathroom top-floor end unit, filled with natural light neighbors on only one side, back to the woods. Maintenance fee covers Heat, Water, and Sewer, simplifying your expenses. Unit also has a Washer and Dryer in the unit. Looking for the Perfect investment property? Tenant occupied start collecting rent the day you close. Can be delivered vacant. Located close to the playground and basketball court. Situated in a well-maintained and unique development, this condo stands out in the neighborhood. Whether you're looking to expand your rental portfolio or own your first home this location is an excellent choice.

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