368 Rector St UNIT 501, Perth Amboy, NJ, 08861 | $5/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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368 Rector St UNIT 501, Perth Amboy, NJ, 08861 | $5/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 Perth Amboy at 368 Rector St UNIT 501, Perth Amboy, NJ, 08861 uses $150,833 cash to close to unlock $58/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $3,248/mo, and a $2,227/mo payment keeps the spread at $5/mo. Purchase price stands at $455,000, and rental yield measures 8.57% with $3,248/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 104.27% and total cumulative return in cash records $157,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,248/mo property income covering a $2,227/mo payment rather than investor’s personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Fannie Mae property... Spacious living in this updated 3 bedroom 2 Bath 2 floor townhouse. Open concept kitchen, living and dining area leads to a cozy feel. Brand new LVP flooring in living area, as well as new carpeting in bedrooms. Plenty of windows allowing plenty of natural lighting throughout. Main bedroom has an on suite bath with a sIeparate shower, in addition to an extra room for office or sitting area. 2 balconies, for plenty of outdoor relaxation. Easy access to all major highways and shopping. This is waterfront, living at its best. Huntiev parks nearby, as well as the Marina.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08861, Perth Amboy, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,371 (100%)
Owner Occupied HU	6,465 (33.4%)
Renter Occupied HU	12,239 (63.2%)
Vacant Housing Units	667 ( 3.4%)
Median Home Value	$422,443
Average Home Value	$464,147