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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Edison at 29 Oak Grove Ln, Edison, NJ, 08820 priced at $1,710,000 converts $8,107/mo rent into after a $8,370/mo obligation. Total monthly income equals $8,107/mo. Return on cash invested prints 11.53% in year one, and rental yield reads 5.69% against a $1,710,000 entry. Equity gained on principal adds $11,034/yr, while 5% annual appreciation compiles into $472,441 by year five. Five-year ROI reaches 59.06% and total cumulative return in cash sums $327,207. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,107/mo property income covering a $8,370/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08820, Edison, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,533 (100%) |
| Owner Occupied HU | 10,021 (74.0%) |
| Renter Occupied HU | 3,149 (23.3%) |
| Vacant Housing Units | 363 ( 2.7%) |
| Median Home Value | $668,355 |
| Average Home Value | $727,673 |
Residential
13,552
Single Family
13,147
Multi-Family
405
Businesses
722
Date | Event | Price |
|---|---|---|
| 2025-08-16 | Listing removed | $7,500 |
| 2025-07-28 | Listed for rent | $7,500 |
| 2025-06-27 | Sold | $1,710,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $22102.59 | 11.56% | $385,600 | 11.00% |
| 2023-10-27 | $19812.22 | -0.04% | $347,400 | N/A |
| 2022-10-27 | $19819.17 | 3.36% | $347,400 | 2.96% |
Listed by: Valerie Monasterio • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2513581R
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