6 Bering WaySomersetNJ08873
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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 Somerset at 6 Bering Way, Somerset, NJ, 08873 priced at $949,900 pairs $5,443/mo rent with after a $4,649/mo payment. Total monthly income equals $5,443/mo. Return on cash invested is 14.96% in year one, and rental yield stands at 6.88% on a $949,900 basis. Equity gained on principal adds $6,130/yr, and 5% annual appreciation accumulates to $262,440 by year five. Five-year ROI measures 77.53% and total cumulative return in cash reaches $242,298. For financing, Ziffy Mortgage’s DSCR program evaluates $5,443/mo property income against a $4,649/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
0.57 Acres 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: MARK S. HEFLIN • RE/MAX PREFERRED PROFESSIONALS
Mls Name: All Jersey MLS
Mls ID: #2610368R