70 Connor AveMetuchenNJ08840
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Metuchen at 70 Connor Ave, Metuchen, NJ, 08840 offers $5,455/mo rent that, after a $4,645/mo payment. Total monthly income is $5,455/mo. Return on cash invested measures 15.03% in year one, and rental yield stands at 6.9% at a $949,000 entry. Equity gained on principal adds $6,124/yr while 5% annual appreciation compounds into $262,191 by year five. Five-year ROI records 77.88% and total cumulative return in cash reaches $243,144. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,455/mo property income versus a $4,645/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
7,683 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08840, Metuchen, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,872 (100%) |
| Owner Occupied HU | 4,976 (72.4%) |
| Renter Occupied HU | 1,673 (24.3%) |
| Vacant Housing Units | 223 ( 3.2%) |
| Median Home Value | $605,641 |
| Average Home Value | $649,833 |
Housing Distribution
Address Breakdown
Residential
6,869
Single Family
6,629
Multi-Family
240
Businesses
908
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LEA ABRAMS • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2609924R