58 Canterbury Cir #58SomersetNJ08873
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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
Investment property for sale in Somerset at 58 Canterbury Cir #58, Somerset, NJ, 08873 offers a 8.75% rental yield on a $469,000 purchase with $3,421/mo rent. Total monthly income registers $3,421/mo, and a $2,296/mo payment leaves $78/mo available for distribution. Annual cash flow reaches $931/yr on $155,474 to close, and return on cash invested stands at 20.51% in year one. Equity gained on principal adds $3,026/yr while 5% annual appreciation supports $129,576 over five years. Portfolio math shows five-year ROI at 107.3% and total cumulative return in cash at $166,819. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,421/mo property income against a $2,296/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
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Listed by: Joseph T. Cherian • Realty Mark Central
Mls Name: GSMLS
Mls ID: #3999556