306 Austin Ave, Old Bridge, NJ, 08857 | 8.17% Rental Yield

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306 Austin Ave, Old Bridge, NJ, 08857 | 8.17% Rental Yield | 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

Rental property for sale in Old Bridge at 306 Austin Ave, Old Bridge, NJ, 08857 priced at $625,000 pairs $4,253/mo rent with after a $3,059/mo payment. Total monthly income equals $4,253/mo. Return on cash invested is 18.88% in year one, and rental yield stands at 8.17% on a $625,000 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 98.56% and total cumulative return in cash reaches $202,657. For financing, Ziffy Mortgage’s DSCR program evaluates $4,253/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1955

5,000 sqft lot

$N/A/sqft

No HOA

More details about the property

This lovely expanded four-bedroom, two and one half-bath Cape located on dead end street, offers generous living space, and a layout designed for comfort and convenience with its gleaming hardwood floors. The spacious master bedroom on the main level features a walk-in closet and full private bath and a 2nd large bedroom on main level with another full bath. The bright, ceramic-tiled kitchen is equipped with a three-year-old stainless steel refrigerator, & a two-year-old dishwasher. The dining room offers even more cabinetry with pull-out drawers and a comfortable space for gathering. Upstairs features two nicely sized bedrooms, a half bath, and a fully floored attic for additional storage.The expanded basement provides versatile living options ideal for a recreation room with ample storage.Many upgrades include 2 year roof, 2019 Hot water heater, updated electric, central vac, and Generac generator. The private fenced yard with an electric-equipped shed, perfect for a workshop and its long concrete driveway provides plenty of off-street parking. Ready to make it your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08857, Old Bridge, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,707 (100%)
Owner Occupied HU	10,623 (63.6%)
Renter Occupied HU	5,316 (31.8%)
Vacant Housing Units	768 ( 4.6%)
Median Home Value	$525,448
Average Home Value	$561,906