291 Hazlitt Way, Somerset, NJ, 08873 | $348/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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291 Hazlitt Way, Somerset, NJ, 08873 | $348/mo Cash Flow | 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

Investment property for sale in Somerset at 291 Hazlitt Way, Somerset, NJ, 08873 with 5% annual appreciation on a $414,900 basis while $3,306/mo rent supports operations. Total monthly income totals $3,306/mo and a $2,031/mo payment preserves $348/mo for cash returns. Annual cash flow comes to $4,181/yr on $137,539 deployed, and return on cash invested reaches 22.95% in year one. Equity gained on principal adds $2,677/yr, and five-year appreciation sums $114,629 alongside rental yield of 9.56%. Five-year ROI measures 120.39% and total cumulative return in cash totals $165,578.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,306/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1986

3,550 sqft lot

$N/A/sqft

No HOA

More details about the property

Desirable End Unit, Ranch style TH with 2 bedrooms and a one car garage. Remodeled eat in Kitchen with granite counter tops and SS appliances, Step down Living room with a wood burning fireplace. Entire home repainted and carpets cleaned, 6/25. A Patio is located off the living room. HVAC 10/16; WH replaced 1/2011; Assn replaced the roof in 10/2021; Home being sold in "as is" condition, some floor tiles are cracked/broken. Windows, and all appliances are "as is".

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