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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% |
Rental property for sale in Bound Brook at 32 Fairview Ave, Bound Brook, NJ, 08805 generates $3,688/mo in rent, after a $2,692/mo payment. Total monthly income is $3,688/mo. Return on cash invested sits at 18.52% in year one, and rental yield is 8.05% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 96.6% and total cumulative return in cash sums $174,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,688/mo property income rather than buyer’s personal income.
Multi Family
Built in 1910
2,875 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 |
|---|---|---|
| 2024-10-05 | Listed for sale | $550,000 |
| 2023-07-12 | Sold | $350,000 |
| 2017-03-13 | Sold | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-20 | $7442.32 | 5.59% | $328,000 | 9.74% |
| 2023-02-20 | $7048.06 | 13.08% | $298,900 | 12.54% |
| 2022-02-20 | $6233.01 | N/A | $265,600 | 19.91% |
Listed by: Andre Goodson • PRESTIGE EXECUTIVE PROPERTIES
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2507356R
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