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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% |
Investment property for sale in Edgewater at 3 Somerset Ln UNIT 505, Edgewater, NJ, 07020 listed at $799,995 pairs $3,598/mo rent with a $3,916/mo payment. Total monthly income runs $3,598/mo. Return on cash invested measures 10.46% in year one, and rental yield registers 5.4% at a $799,995 basis. Equity gained on principal adds $5,162/yr, and annual property appreciation at 5% supports $221,024 by year five. Five-year ROI tracks 53.41% and total cumulative return in cash totals $140,574. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,598/mo property income relative to a $3,916/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Date | Event | Price |
|---|---|---|
| 2025-01-02 | Price change | $799,995 |
| 2024-12-02 | Listed for sale | $820,000 |
| 2019-05-14 | Sold | $730,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $11154.78 | 2.03% | $702,000 | 2.54% |
| 2023-01-28 | $10933.06 | -3.62% | $684,600 | -2.71% |
| 2022-01-28 | $11343.64 | -5.36% | $703,700 | 32.27% |
Listed by: Taylor C. Lucyk • Christie's International Real Estate Group-Paramus
Mls Name: NJMLS
Mls Provider:
Mls ID: #24037873
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-01-27 22:17:38 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
