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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 Bound Brook at 383 W High St, Bound Brook, NJ, 08805 offers $3,960/mo rent that, after a $2,442/mo payment, leaves $404/mo cash flow. Total monthly income is $3,960/mo, and annual cash flow is $4,843/yr on $165,419 cash. Return on cash invested measures 22.84% in year one, and rental yield stands at 9.52% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 119.78% and total cumulative return in cash reaches $198,138. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,960/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
| 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 |
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $499,000 |
| 2016-10-20 | Sold | $237,500 |
| 2016-09-07 | Price change | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $9822.50 | 2.15% | $432,900 | 6.15% |
| 2023-04-28 | $9615.92 | 15.29% | $407,800 | 9.45% |
| 2022-04-28 | $8340.70 | N/A | $372,600 | 25.71% |
Listed by: Jan Hompesch • Re/Max Premier
Mls Name: GSMLS
Mls Provider:
Mls ID: #3959024
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
