62 Haverhill PlSomersetNJ08873
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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 62 Haverhill Pl, Somerset, NJ, 08873 priced at $289,900 pairs $1,993/mo rent with after a $1,419/mo payment. Total monthly income equals $1,993/mo. Return on cash invested is 18.99% in year one, and rental yield stands at 8.25% on a $289,900 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,094 by year five. Five-year ROI measures 99.18% and total cumulative return in cash reaches $95,313. For financing, Ziffy Mortgage’s DSCR program evaluates $1,993/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1987
N/A 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: #2610361R