502 Stratford Pl #502Bound BrookNJ08805
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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 Bound Brook at 502 Stratford Pl #502, Bound Brook, NJ, 08805 listed at $359,000 pairs $2,998/mo rent with a $1,757/mo payment to leave $439/mo cash flow. Total monthly income runs $2,998/mo, and annual cash flow reaches $5,271/yr on $119,009 cash to close. Return on cash invested measures 24.34% in year one, and rental yield registers 10.02% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 127.85% and total cumulative return in cash totals $152,155. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,998/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1992
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,580 (100%) |
| Owner Occupied HU | 2,430 (43.5%) |
| Renter Occupied HU | 2,753 (49.3%) |
| Vacant Housing Units | 397 ( 7.1%) |
| Median Home Value | $469,615 |
| Average Home Value | $583,534 |
Housing Distribution
Address Breakdown
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
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Listed by: Felicia M. Hankerson • Real
Mls Name: GSMLS
Mls ID: #4000804