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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 Bound Brook at 308 Codrington Pl, Bound Brook, NJ, 08805 listed at $599,000 pairs $2,586/mo rent with a $2,932/mo payment. Total monthly income runs $2,586/mo. Return on cash invested measures 9.81% in year one, and rental yield registers 5.18% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 49.89% and total cumulative return in cash totals $98,326. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,586/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
8,600 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,580 (100%) |
| Owner Occupied HU | 2,430 (43.5%) |
| Renter Occupied HU | 2,753 (49.3%) |
| Vacant Housing Units | 397 ( 7.1%) |
| Median Home Value | $469,615 |
| Average Home Value | $583,534 |
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Listed for sale | $599,000 |
| 2024-10-09 | Sold | $373,000 |
| 2024-07-06 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-28 | $10437.40 | 1.90% | $460,000 | 5.89% |
| 2023-06-28 | $10243.15 | 8.75% | $434,400 | 9.06% |
| 2022-06-28 | $9419.35 | N/A | $398,300 | 12.99% |
Listed by: Faisal Mairaj • EAST SKY REALTY LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2516090R
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