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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% |
Investment property for sale in Perth Amboy at 622-624 Colgate Ave, Perth Amboy, NJ, 08861 offers a 5.07% rental yield on a $795,000 purchase with $3,356/mo rent. 46% in year one. Equity gained on principal adds $5,130/yr while 5% annual appreciation supports $219,644 over five years. Portfolio math shows five-year ROI at 48.02% and total cumulative return in cash at $125,590. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,356/mo property income against a $3,891/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1944
5,349 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08861, Perth Amboy, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,371 (100%) |
| Owner Occupied HU | 6,465 (33.4%) |
| Renter Occupied HU | 12,239 (63.2%) |
| Vacant Housing Units | 667 ( 3.4%) |
| Median Home Value | $422,443 |
| Average Home Value | $464,147 |
Residential
16,845
Single Family
13,515
Multi-Family
3,330
Businesses
1,269
Date | Event | Price |
|---|---|---|
| 2025-02-08 | Listed for sale | $795,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Julio Baez • PETRA BEST REALTY LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2509010R
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