31 Oak AveMetuchenNJ08840
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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
Rental property for sale in Metuchen at 31 Oak Ave, Metuchen, NJ, 08840 generates $6,344/mo in rent, after a $9,275/mo payment. Total monthly income is $6,344/mo. Return on cash invested sits at 6.37% in year one, and rental yield is 4.02% on a $1,895,000 entry. Equity gained on principal adds $12,228/yr, while 5% annual appreciation builds toward $523,554 over five years. Five-year ROI reaches 31.4% and total cumulative return in cash sums $192,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,344/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08840, Metuchen, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,872 (100%) |
| Owner Occupied HU | 4,976 (72.4%) |
| Renter Occupied HU | 1,673 (24.3%) |
| Vacant Housing Units | 223 ( 3.2%) |
| Median Home Value | $605,641 |
| Average Home Value | $649,833 |
Housing Distribution
Address Breakdown
Residential
6,869
Single Family
6,629
Multi-Family
240
Businesses
908
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Listed by: NANCY STEINGART • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2605321R