517 Vosseller AveBound 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
Rental property for sale in Bound Brook at 517 Vosseller Ave, Bound Brook, NJ, 08805 priced at $395,000 converts $2,683/mo rent into after a $1,933/mo obligation. Total monthly income equals $2,683/mo. Return on cash invested prints 18.7% in year one, and rental yield reads 8.15% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 97.58% and total cumulative return in cash sums $127,770. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,683/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1975
2,613 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: Thomas Boniakowski • Era Boniakowski Real Estate
Mls Name: GSMLS
Mls ID: #3989086