602 Village CommonsFlemingtonNJ08822
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
Investment property for sale in Flemington at 602 Village Commons, Flemington, NJ, 08822 uses $106,080 cash to close to unlock $9,040/yr annual cash flow and $753/mo monthly cash flow. Total monthly income runs $3,034/mo, and a $1,566/mo payment keeps the spread at $753/mo. Purchase price stands at $320,000, and rental yield measures 11.38% with $3,034/mo rent. Return on cash invested shows 28.43% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 149.8% and total cumulative return in cash records $158,907. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,034/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08822, Flemington, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,108 (100%) |
| Owner Occupied HU | 9,836 (75.0%) |
| Renter Occupied HU | 2,786 (21.3%) |
| Vacant Housing Units | 486 ( 3.7%) |
| Median Home Value | $566,418 |
| Average Home Value | $589,666 |
Housing Distribution
Address Breakdown
Residential
12,747
Single Family
12,470
Multi-Family
277
Businesses
1,692
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Regine Thomas • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4005744