7307 Westover Way BLDG 7000 #7307SomersetNJ08873
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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
Total monthly income runs $2,758/mo, and a $2,374/mo payment. Purchase price stands at $485,000, and rental yield measures 6.82% with $2,758/mo rent. Return on cash invested shows 14.69% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 76.09% and total cumulative return in cash records $122,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,758/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Condo
Built in 2006
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: Dahlia Wong • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4003420