7 Edith 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
Investment property for sale in Somerset at 7 Edith Pl, Somerset, NJ, 08873 with 5% annual appreciation on a $567,501 basis while $4,854/mo rent supports operations. Total monthly income totals $4,854/mo and a $2,778/mo payment preserves $809/mo for cash returns. Annual cash flow comes to $9,703/yr on $186,708 deployed, and return on cash invested reaches 25.26% in year one. Equity gained on principal adds $3,662/yr, and five-year appreciation sums $156,790 alongside rental yield of 10.26%. Five-year ROI measures 132.74% and total cumulative return in cash totals $247,832.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,854/mo property income versus a $2,778/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2004
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: CHARMY MORZARIA • KELLER WILLIAMS VILLAGE SQUARE
Mls Name: All Jersey MLS
Mls ID: #2608382R