524 Imlay Pl, Bound Brook, NJ, 08805 | $690/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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524 Imlay Pl, Bound Brook, NJ, 08805 | $690/mo Cash Flow | 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

Rental property for sale in Bound Brook at 524 Imlay Pl, Bound Brook, NJ, 08805 priced at $419,900 converts $3,683/mo rent into $690/mo cash flow after a $2,055/mo obligation. Total monthly income equals $3,683/mo, and annual cash flow totals $8,283/yr on $139,197 invested. Return on cash invested prints 25.86% in year one, and rental yield reads 10.53% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 135.99% and total cumulative return in cash sums $189,300. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,683/mo property income covering a $2,055/mo payment, not borrower’s personal income.

Single Family

Built in 1954

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Come see this charming 3-bedroom ranch tucked on a quiet street! Inside, you'll find brand-new flooring throughout, a cozy fireplace, and a brand-new 2-zone heating system. The finished basement adds incredible extra space, complete with a family room, entertainment area, and bar. Step outside to a spacious deck, perfect for summer barbecues, overlooking a fully fenced backyard. The detached garage even features a delightful sitting area, the ideal spot to relax and enjoy warm summer evenings. Close to Shopping, restaurants & highways! Walking distance to the beautiful new Codrington Park, complete with splash zone. Won't last!

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