650 Central AveBound 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
Rental property for sale in Bound Brook at 650 Central Ave, Bound Brook, NJ, 08805 priced at $619,900 pairs $3,960/mo rent with after a $3,034/mo payment. Total monthly income equals $3,960/mo. Return on cash invested is 17.36% in year one, and rental yield stands at 7.67% on a $619,900 basis. Equity gained on principal adds $4,000/yr, and 5% annual appreciation accumulates to $171,267 by year five. Five-year ROI measures 90.4% and total cumulative return in cash reaches $184,376. For financing, Ziffy Mortgage’s DSCR program evaluates $3,960/mo property income against a $3,034/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.42 Acres 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: Ronald Fasanello • Sky Brook Realty Llc
Mls Name: GSMLS
Mls ID: #4007715