29 Medici DrSomersetNJ08873
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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
Investment property for sale in Somerset at 29 Medici Dr, Somerset, NJ, 08873 at $748,000 posts ROI 15.54% with from $4,405/mo rent. Total monthly income equals $4,405/mo. Return on cash invested measures 15.54% and rental yield reads 7.07% at the current $748,000. Equity gained on principal adds $4,827/yr, and 5% annual appreciation supports $206,659 by year five. Five-year ROI prints 80.64% and total cumulative return in cash totals $198,446. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,405/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2006
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,399 (100%) |
| Owner Occupied HU | 14,076 (62.8%) |
| Renter Occupied HU | 7,273 (32.5%) |
| Vacant Housing Units | 1,050 ( 4.7%) |
| Median Home Value | $507,032 |
| Average Home Value | $561,292 |
Housing Distribution
Address Breakdown
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
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Listed by: Hyun Helen Lim • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3991941