55 Gill Ln APT 51IselinNJ08830
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Iselin at 55 Gill Ln APT 51, Iselin, NJ, 08830 generates $2,488/mo in rent and, after a $1,273/mo payment, leaves $634/mo in cash flow. Total monthly income is $2,488/mo, and annual cash flow is $7,612/yr on $86,190 invested. Return on cash invested sits at 28.74% in year one, and rental yield is 11.48% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 151.46% and total cumulative return in cash sums $130,541. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,488/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08830, Iselin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,122 (100%) |
| Owner Occupied HU | 4,099 (57.6%) |
| Renter Occupied HU | 2,758 (38.7%) |
| Vacant Housing Units | 265 ( 3.7%) |
| Median Home Value | $481,515 |
| Average Home Value | $522,167 |
Housing Distribution
Address Breakdown
Residential
6,999
Single Family
5,613
Multi-Family
1,386
Businesses
793
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: NANDAI SOOKHOO • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2607868R