74 Gates RdSomersetNJ08873
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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 Somerset at 74 Gates Rd, Somerset, NJ, 08873 priced at $929,900 converts $6,779/mo rent into $151/mo cash flow after a $4,551/mo obligation. Total monthly income equals $6,779/mo, and annual cash flow totals $1,815/yr on $305,937 invested. Return on cash invested prints 20.65% in year one, and rental yield reads 8.75% against a $929,900 entry. Equity gained on principal adds $6,001/yr, while 5% annual appreciation compiles into $256,914 by year five. Five-year ROI reaches 108.05% and total cumulative return in cash sums $330,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,779/mo property income covering a $4,551/mo payment, not borrower’s personal income.
Single Family
Built in 1995
1.53 Acres 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: Nicolas J. Dimeglio • BHHS FOX & ROACH REALTORS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2508297R
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