512 W 2Nd St, Bound Brook, NJ, 08805 | 8.4% Rental Yield

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512 W 2Nd St, Bound Brook, NJ, 08805 | 8.4% 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

Investment property for sale in Bound Brook at 512 W 2Nd St, Bound Brook, NJ, 08805 listed at $575,000 pairs $4,026/mo rent with a $2,814/mo payment. Total monthly income runs $4,026/mo. Return on cash invested measures 19.6% in year one, and rental yield registers 8.4% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 102.41% and total cumulative return in cash totals $193,727. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,026/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1927

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this charming and updated 3 bedroom, 2 bath Colonial with wrap around front porch, open floor plan, and tremendous lot! The first floor features a beautiful kitchen with an open center island, plenty of cabinet space, all appliances, and wine fridge. This floor also features a formal living room, family room and dining area off kitchen with access to yard. First floor also has a full bath. The second floor features 3 spacious bedrooms, and a full bath. You also have access to a huge walk up unfinished attic with enormous potential for additional living space. The large basement also offers additional living space if finished, laundry, utilities, plenty of storage, and door to yard. NOT A FLOOD ZONE. Convenient location close to all transportation and shopping.

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