50-9 Prospect St BLDG 50 #9MetuchenNJ08840
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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 Metuchen at 50-9 Prospect St BLDG 50 #9, Metuchen, NJ, 08840 listed at $275,000 pairs $1,939/mo rent with a $1,346/mo payment. Total monthly income runs $1,939/mo. Return on cash invested measures 15.23% in year one, and rental yield registers 8.46% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 80.6% and total cumulative return in cash totals $73,475. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,939/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
1 Acres lot
$N/A/sqft
$334 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08840, Metuchen, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,872 (100%) |
| Owner Occupied HU | 4,976 (72.4%) |
| Renter Occupied HU | 1,673 (24.3%) |
| Vacant Housing Units | 223 ( 3.2%) |
| Median Home Value | $605,641 |
| Average Home Value | $649,833 |
Housing Distribution
Address Breakdown
Residential
6,869
Single Family
6,629
Multi-Family
240
Businesses
908
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Listed by: Ying Gautreau • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3972311
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