32 Anderson St, Raritan, NJ, 08869 | 7.63% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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32 Anderson St, Raritan, NJ, 08869 | 7.63% 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 Raritan at 32 Anderson St, Raritan, NJ, 08869 generates $3,180/mo in rent, after a $2,447/mo payment. Total monthly income is $3,180/mo. Return on cash invested sits at 17.13% in year one, and rental yield is 7.63% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 89.18% and total cumulative return in cash sums $147,824. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,180/mo property income rather than buyer’s personal income.

Single Family

Built in 1964

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Coming Soon! Showings begin September 1st. Imagine pulling into your long driveway after a smooth train ride home just two blocks from your front door and stepping inside to a warm Colonial that feels like it was made for you. The evening light pours into the spacious family and living rooms, where a cozy fireplace waits for gatherings with friends or quiet nights in.The kitchen is the true heart of this home: a center island ready for morning coffee chats, sleek quartz countertops that shine during holiday prep, and stainless steel appliances that make cooking feel effortless. Bathrooms and flooring have already been tastefully updated, so all that's left is for you to add your personal touch. With newer essentials like the roof, furnace, AC, and hot water heater, peace of mind is built right in.On weekends, you'll appreciate being just over a mile from Downtown Somerville, with its vibrant dining, shopping, and entertainment scene. Or enjoy time at home, hosting a backyard barbecue in your oversized yard, with plenty of room to relax, play, and create memories.This isn't just a house, it's a lifestyle of convenience, comfort, and connection all in the heart of Raritan.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08869, Raritan, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,478 (100%)
Owner Occupied HU	1,586 (45.6%)
Renter Occupied HU	1,735 (49.9%)
Vacant Housing Units	157 ( 4.5%)
Median Home Value	$474,089
Average Home Value	$515,988