5 David St, South River, NJ, 08882 | 8.39% Rental Yield

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5 David St, South River, NJ, 08882 | 8.39% 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 South River at 5 David St, South River, NJ, 08882 priced at $475,000 converts $3,320/mo rent into after a $2,325/mo obligation. Total monthly income equals $3,320/mo. Return on cash invested prints 19.41% in year one, and rental yield reads 8.39% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 101.4% and total cumulative return in cash sums $159,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,320/mo property income covering a $2,325/mo payment, not borrower’s personal income.

Single Family

Built in 1935

3,998 sqft lot

$N/A/sqft

No HOA

More details about the property

The home at 5 David St greets visitors with a charming covered front porch. full of warmth, character and Move-in ready. Detached one car garage plus Driveway with parking for 3 cars. Interior and exterior professionally painted. Brand new Kitchen with with Tin Ceiling, Quartz Countertops, GE Stove, Built in GE Microwave, Dishwasher, LG Refrigerator and a Culligan Reverse Osmosis Water Filtration System which has a separate Drinking faucet located in sink, Hardwood Flooring in Living, Dining room, Hallways and bedrooms, 4 new windows on first level, other windows are under 10 years old. Electrical wiring has been completely updated and inspected under permit. Pocket doors separate Living and Dining rooms, first floor boasts high ceilings that create an open and airy environment, a dedicated home office is conveniently located downstairs and equipped with a built-in desk and storage.. Full- height basement offers great potential for finishing, with inside and outside entrances. Newer Washer, Dryer and water Heater. Fenced in Backyard with newly planted Sod and Stone Firepit area. Conveniently located near Schools, Shopping. Minutes from Rt 18, Rt 1, and New Jersey Turnpike and East Brunswick Transportation Center with NYC Buses Services

Neighborhood Data

Neighborhood data shown for ZIP Code: 08882, South River, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,913 (100%)
Owner Occupied HU	3,666 (62.0%)
Renter Occupied HU	2,002 (33.9%)
Vacant Housing Units	245 ( 4.1%)
Median Home Value	$489,055
Average Home Value	$507,833