385 Pierson Ave, Edison, NJ, 08837 | 4.06% Rental Yield

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385 Pierson Ave, Edison, NJ, 08837 | 4.06% 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

Rental property for sale in Edison at 385 Pierson Ave, Edison, NJ, 08837 priced at $989,000 converts $3,342/mo rent into after a $4,841/mo obligation. Total monthly income equals $3,342/mo. Return on cash invested prints 6.39% in year one, and rental yield reads 4.06% against a $989,000 entry. Equity gained on principal adds $6,382/yr, while 5% annual appreciation compiles into $273,242 by year five. Five-year ROI reaches 31.54% and total cumulative return in cash sums $102,618. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,342/mo property income covering a $4,841/mo payment, not borrower’s personal income.

Multi Family

Built in 1912

3,876 sqft lot

$N/A/sqft

No HOA

More details about the property

A perfect 2 family property with the best location, close to Rt 1, Metuchen train station, Lotte supermarket, banks, CVS pharmacy, Dollar Store and great restaurants within minutes away. First floor unit just completed a renovation with brand new kitchen cabinets, quartz countertop, stylish backsplash, brand new stainless steel appliances, upscale kitchen flooring, recess lights throughout this home. You will be amazed with the elegant bathroom. High end tiles, high quality vanity sink and all new tile floorings. 2 spacious bedrooms, again with brand new, bright recess lights. You will enjoy coming home every day after a long day of work. Formal living room and dining room for entertaining or simply daily enjoyment. A second floor unit is as amazing. Again brand new kitchen cabinets, quartz countertop, in style backsplash, newer appliances. New high end flooring in the living and dining room. The newly renovated bathroom is truly customed design. High quality tiles throughout the bathroom. 2 bedrooms with great closet spaces. Recess lights throughout the second floor. 2 sets of washer and dryer in the basement for each family. 2 car garages, 1 for each family. The list of updates do not stop here. Brand new roof including the garage roof. A quiet backyard for your relaxation. Sellers spare no expense to make sure the next owner has everything renovated. 2015 HVAC system. You are lucky to own this fantastic 2 family. Live in one and rent out the other unit.