55 Gill Ln APT 54IselinNJ08830
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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 Iselin at 55 Gill Ln APT 54, Iselin, NJ, 08830 generates $2,940/mo in rent and, after a $1,468/mo payment, leaves $802/mo in cash flow. Total monthly income is $2,940/mo, and annual cash flow is $9,627/yr on $99,417 invested. Return on cash invested sits at 29.59% in year one, and rental yield is 11.76% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 156.04% and total cumulative return in cash sums $155,128. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,940/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
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Listed by: NANDAI SOOKHOO • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2610050R