354 W 2Nd St #2, Bound Brook, NJ, 08805 | 5.15% Rental Yield

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354 W 2Nd St #2, Bound Brook, NJ, 08805 | 5.15% 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

Total monthly income runs $2,791/mo, and a $3,181/mo payment. Purchase price stands at $650,000, and rental yield measures 5.15% with $2,791/mo rent. Return on cash invested shows 9.73% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 49.45% and total cumulative return in cash records $105,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,791/mo property income covering a $3,181/mo payment rather than investor’s personal income.

Multi Family

Built in 1937

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

For Sale: 2-Family Home in Bound Brook, NJ " Double Lot with Endless Potential! Don't miss this rare opportunity to own a 2-family home on a spacious double lot in the heart of Bound Brook, NJ! Whether you're looking for an income-producing investment or a home to live in while renting the other unit, this property offers incredible versatility. Two-family layout " Ideal for owner-occupants or investors. Unfinished basement " A blank canvas ready for your custom touch. Double lot " Plenty of outdoor space with potential for expansion Prime location " Close to parks, shops, restaurants, and more. Commuter-friendly, Just 4 minutes to NYC transit access Live in one unit and rent out the other or rent both for maximum return. With strong rental demand and a location near all conveniences, this gem won't last long! Schedule a showing today and explore the possibilities! Property qualifies for a $10,000 buyer grant program.

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