420 Azalea Ter BLDG 4 #420SomervilleNJ08876
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Somerville at 420 Azalea Ter BLDG 4 #420, Somerville, NJ, 08876 offers a 9.97% rental yield on a $389,900 purchase with $3,238/mo rent. Total monthly income registers $3,238/mo, and a $1,908/mo payment leaves $459/mo available for distribution. Annual cash flow reaches $5,511/yr on $129,252 to close, and return on cash invested stands at 24.17% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 126.96% and total cumulative return in cash at $164,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,238/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08876, Somerville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,183 (100%) |
| Owner Occupied HU | 6,170 (55.2%) |
| Renter Occupied HU | 4,259 (38.1%) |
| Vacant Housing Units | 754 ( 6.7%) |
| Median Home Value | $537,859 |
| Average Home Value | $581,425 |
Housing Distribution
Address Breakdown
Residential
10,180
Single Family
9,519
Multi-Family
661
Businesses
1,475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Nicole Krushinski • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #3999862