48 2nd St, Somerville, NJ, 08876 | 8.33% Rental Yield

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Price: $300K - 500K

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48 2nd St, Somerville, NJ, 08876 | 8.33% 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 Somerville at 48 2nd St, Somerville, NJ, 08876 offers $2,256/mo rent that, after a $1,591/mo payment. Total monthly income is $2,256/mo. Return on cash invested measures 19.23% in year one, and rental yield stands at 8.33% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 100.48% and total cumulative return in cash reaches $108,253. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,256/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this charming home in Somerville Boro. Full of character and potential, this property is ready for its next chapter. A large front porch welcomes you to the home. Inside, the hallway with laminate flooring leads to a cozy living room on one side and a spacious dining room on the other, currently used as a combination dining and office space. The large eat-in kitchen offers plenty of room to gather features a gas range and sliding doors to the deck. The home is currently set up with three bedrooms (one smaller without a closet) and a full bathroom with tub. With some updating and personal touches, this home has great potential to shine once again!

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