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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 Somerset at 38 Nottingham Way, Somerset, NJ, 08873 generates $3,689/mo in rent and, after a $2,031/mo payment, leaves $731/mo in cash flow. Total monthly income is $3,689/mo, and annual cash flow is $8,774/yr on $137,573 invested. Return on cash invested sits at 26.29% in year one, and rental yield is 10.67% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 138.3% and total cumulative return in cash sums $190,257. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,689/mo property income rather than buyer’s personal income.
Townhouse
Built in 1985
1,833 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
| 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 |
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
Date | Event | Price |
|---|---|---|
| 2025-10-20 | Sold | $415,000 |
| 2025-08-26 | Pending sale | $385,000 |
| 2025-08-26 | Contingent | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $5822.59 | -0.52% | $333,100 | 9.90% |
| 2023-10-26 | $5852.86 | 6.50% | $303,100 | 5.21% |
| 2022-10-26 | $5495.42 | N/A | $288,100 | 16.12% |
Listed by: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2601152R
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