611 Stratford Pl BLDG 6 #11Bound BrookNJ08805
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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 Bound Brook at 611 Stratford Pl BLDG 6 #11, Bound Brook, NJ, 08805 uses $120,998 cash to close to unlock $1,594/yr annual cash flow and $133/mo monthly cash flow. Total monthly income runs $2,734/mo, and a $1,786/mo payment keeps the spread at $133/mo. Purchase price stands at $365,000, and rental yield measures 8.99% with $2,734/mo rent. Return on cash invested shows 21.23% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 111.13% and total cumulative return in cash records $134,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,734/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1992
768 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08805, Bound Brook, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,970
Single Family
4,610
Multi-Family
360
Businesses
495
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Listed by: Samah Shanaa • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #3981613