299 Howard StNew BrunswickNJ08901
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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 New Brunswick at 299 Howard St, New Brunswick, NJ, 08901 offers a 11.58% rental yield on a $389,900 purchase with $3,762/mo rent. Total monthly income registers $3,762/mo, and a $1,908/mo payment leaves $983/mo available for distribution. Annual cash flow reaches $11,799/yr on $129,252 to close, and return on cash invested stands at 29.04% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 153.05% and total cumulative return in cash at $197,821. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,762/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08901, New Brunswick, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,186 (100%) |
| Owner Occupied HU | 3,152 (17.3%) |
| Renter Occupied HU | 12,900 (70.9%) |
| Vacant Housing Units | 2,134 (11.7%) |
| Median Home Value | $390,987 |
| Average Home Value | $438,988 |
Housing Distribution
Address Breakdown
Residential
16,374
Single Family
11,765
Multi-Family
4,609
Businesses
1,520
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Listed by: DAWN M. TUNISON • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2608112R