44 Mechanic StSomervilleNJ08876
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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
Investment Highlights
Investment property for sale in Somerville at 44 Mechanic St, Somerville, NJ, 08876 earns from $3,746/mo rent with a $2,692/mo payment. Total monthly income totals $3,746/mo. ROI tracks 18.9% on current figures, and rental yield reads 8.17% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 98.66% and total cumulative return in cash sums $178,534. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,746/mo property income instead of your personal income.
Multi Family
Built in 1920
7,405 sqft 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
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Listed by: Maulik Amin • Luminance Realty
Mls Name: GSMLS
Mls ID: #3980848