643 Drake AveMiddlesexNJ08846
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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 Middlesex at 643 Drake Ave, Middlesex, NJ, 08846 priced at $599,900 pairs $4,514/mo rent with $238/mo cash flow after a $2,936/mo payment. Total monthly income equals $4,514/mo, and annual cash flow comes to $2,859/yr on $197,367 invested. Return on cash invested is 21.51% in year one, and rental yield stands at 9.03% on a $599,900 basis. Equity gained on principal adds $3,871/yr, and 5% annual appreciation accumulates to $165,741 by year five. Five-year ROI measures 112.65% and total cumulative return in cash reaches $222,328. For financing, Ziffy Mortgage’s DSCR program evaluates $4,514/mo property income against a $2,936/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08846, Middlesex, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,620 (100%) |
| Owner Occupied HU | 3,793 (67.5%) |
| Renter Occupied HU | 1,660 (29.5%) |
| Vacant Housing Units | 167 ( 3.0%) |
| Median Home Value | $455,549 |
| Average Home Value | $512,040 |
Housing Distribution
Address Breakdown
Residential
5,466
Single Family
5,024
Multi-Family
442
Businesses
699
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Listed by: CHRISTINA DUNCAN • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2660808M