324 Biltmore Ln, Somerset, NJ, 08873 | $432/mo Cash Flow

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324 Biltmore Ln, Somerset, NJ, 08873 | $432/mo Cash Flow | 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

Investment property for sale in Somerset at 324 Biltmore Ln, Somerset, NJ, 08873 with 5% annual appreciation on a $599,000 basis while $4,702/mo rent supports operations. Total monthly income totals $4,702/mo and a $2,932/mo payment preserves $432/mo for cash returns. Annual cash flow comes to $5,187/yr on $197,071 deployed, and return on cash invested reaches 22.69% in year one. Equity gained on principal adds $3,865/yr, and five-year appreciation sums $165,493 alongside rental yield of 9.42%. Five-year ROI measures 118.99% and total cumulative return in cash totals $234,502.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,702/mo property income versus a $2,932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2004

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this inviting home that blends comfort, style, and convenience. This Brighton Model offers 2 bedrooms, 2 full baths, approximately 2000 square feet of comfortable living. The spacious family room boasts a dramatic cathedral ceiling, creating an airy, light-filled gathering space perfect for entertaining or relaxing. The kitchen features Corian countertops, a stainless-steel refrigerator and dishwasher, and a practical layout that opens to the main living space. Recent updates include a new HVAC system (2021) giving peace of mind to the next owner. The primary ensuite is a true retreat, featuring a tray box ceiling, dual vanities, a luxurious soaking tub, and a generous WIC closet for effortless organization. Enjoy mornings on the welcoming front porch, a charming spot to sip coffee or greet neighbors. Beyond the home itself, Somerset Run is a premier active adult community designed for convenience, connection, and lifestyle. Just steps from the Clubhouse, you'll have easy access to fitness classes, indoor and outdoor pools, tennis and pickleball courts. The Clubhouse also hosts social gatherings, clubs, and events that make it easy to meet neighbors and stay engaged. Whether you're looking for a quiet retreat or a vibrant social calendar, Somerset Run offers the best of both worlds. With its combination of architectural details, modern comforts, and prime location, this property delivers both elegance and practicality?ready to welcome its next owner home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,399 (100%)
Owner Occupied HU	14,076 (62.8%)
Renter Occupied HU	7,273 (32.5%)
Vacant Housing Units	1,050 ( 4.7%)
Median Home Value	$507,032
Average Home Value	$561,292