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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 Iselin at 323 Gills Ln UNIT 9-C, Iselin, NJ, 08830 offers a 9.32% rental yield on a $345,000 purchase with $2,680/mo rent. Total monthly income registers $2,680/mo, and a $1,689/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,646/yr on $114,368 to close, and return on cash invested stands at 22.22% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 116.49% and total cumulative return in cash at $133,228. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,680/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1973
716 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08830, Iselin, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,122 (100%) |
| Owner Occupied HU | 4,099 (57.6%) |
| Renter Occupied HU | 2,758 (38.7%) |
| Vacant Housing Units | 265 ( 3.7%) |
| Median Home Value | $481,515 |
| Average Home Value | $522,167 |
Residential
6,999
Single Family
5,613
Multi-Family
1,386
Businesses
793
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Listed for sale | $345,000 |
| 1991-07-29 | Sold | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | $6398.70 | 2.22% | $55,000 | N/A |
| 2023-05-28 | $6259.55 | 2.57% | $55,000 | N/A |
| 2022-05-28 | $6102.80 | 0.83% | $55,000 | N/A |
Listed by: Joanne Varco • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2561652M
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