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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 4307 Avery Ct UNIT 4307, Somerset, NJ, 08873 generates $2,758/mo in rent, after a $2,325/mo payment. Total monthly income is $2,758/mo. Return on cash invested sits at 7.96% in year one, and rental yield is 6.97% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 42.62% and total cumulative return in cash sums $67,111. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,758/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$940 monthly 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 |
|---|---|---|
| 2025-02-11 | Price change | $475,000 |
| 2025-01-23 | Listed for sale | $489,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jeanne Lombardi • Lombardi Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942602
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.
