7 Benjamin St, Somerset, NJ, 08873 | 7.9% Rental Yield

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Price: $300K - 500K

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7 Benjamin St, Somerset, NJ, 08873 | 7.9% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Somerset at 7 Benjamin St, Somerset, NJ, 08873 listed at $650,000 pairs $4,277/mo rent with a $3,181/mo payment. Total monthly income runs $4,277/mo. Return on cash invested measures 18.06% in year one, and rental yield registers 7.9% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 94.17% and total cumulative return in cash totals $201,386. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,277/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2003

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

SO MUCH TO APPRECIATE! This popular Danbury model in the desirable 55+ Canal Walk Community provides all the comfort and space you need, with a terrific, flexible floor plan! A brand-new paver walk-way leads you to the front door, where you are greeted by a dramatic two-story foyer. You'll be impressed by the wood floors and the front room which can be used as a Living Room or Home Office. Stylish Plantation shutters enhance the windows. The formal Dining Room flows to the Kitchen and Family Room - the very heart of this home! The Family Room, with newer wood floors and cathedral ceilings, is a wonderful place to relax. The Kitchen boasts 42 inch cabinets with pull-outs, ample counter space, and a casual dining area. The sliding doors from the kitchen transition seamlessly to the striking, expanded paver patio with beautiful landscaping, creating your own private oasis! The 1st floor Primary Bedroom has a tray ceiling, 2 walk-in closets & en-suite bath. Upstairs you'll find the 2nd Bedroom, spacious Loft overlooking the Family Room, a full bath, and convenient walk-in attic. The new HVAC system in 2021 provides peace of mind. Start the next chapter of your life in a vibrant community that offers a wonderful lifestyle! Canal Walk has one of the largest clubhouses in NJ with year-round activities and fabulous amenities, including indoor & outdoor pools, hot tub, sauna, 4 pickleball courts, bocce, fitness center, frequent social activities, a 2nd clubhouse and more!

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