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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerset at 518 Wheeler Pl, Somerset, NJ, 08873 earns $865/mo cash flow from $4,607/mo rent with a $2,570/mo payment. Total monthly income totals $4,607/mo, and annual cash flow totals $10,374/yr on $172,725 capital. ROI tracks 26.07% on current figures, and rental yield reads 10.53% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 137.08% and total cumulative return in cash sums $236,769. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,607/mo property income instead of your personal income.
Single Family
Built in 1990
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,399 (100%) |
| Owner Occupied HU | 14,076 (62.8%) |
| Renter Occupied HU | 7,273 (32.5%) |
| Vacant Housing Units | 1,050 ( 4.7%) |
| Median Home Value | $507,032 |
| Average Home Value | $561,292 |
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
Date | Event | Price |
|---|---|---|
| 2025-05-24 | Listed for sale | $525,000 |
| 2006-09-01 | Sold | $450,000 |
| 2005-06-16 | Sold | $307,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $8773.21 | -2.37% | $501,900 | 8.35% |
| 2023-05-27 | $8986.08 | 11.00% | $463,200 | 9.45% |
| 2022-05-27 | $8095.73 | N/A | $423,200 | 16.52% |
Listed by: Carol Rowe Mair • RE/MAX FIRST REALTY, INC.
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2561654M
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