315 East StBound BrookNJ08805
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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 Bound Brook at 315 East St, Bound Brook, NJ, 08805 uses $132,269 cash to close to unlock $13,391/yr annual cash flow and $1,116/mo monthly cash flow. Total monthly income runs $3,960/mo, and a $1,953/mo payment keeps the spread at $1,116/mo. Purchase price stands at $399,000, and rental yield measures 11.91% with $3,960/mo rent. Return on cash invested shows 30.03% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 158.36% and total cumulative return in cash records $209,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,960/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1928
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
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Listed by: Carol Robinson • Re/Max Diamond Realtors
Mls Name: GSMLS
Mls ID: #4006137