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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bound Brook at 601 Thompson Ave, Bound Brook, NJ, 08805 priced at $475,000 converts $3,691/mo rent into $305/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,691/mo, and annual cash flow totals $3,662/yr on $157,463 invested. Return on cash invested prints 22.23% in year one, and rental yield reads 9.32% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 116.57% and total cumulative return in cash sums $183,547. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,691/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1951
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
| 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 |
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michael Blinder • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3995715
