76 Spring St, Metuchen, NJ, 08840 | 5.58% Rental Yield

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76 Spring St, Metuchen, NJ, 08840 | 5.58% 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 Metuchen at 76 Spring St, Metuchen, NJ, 08840 with 5% annual appreciation on a $1,150,000 basis while $5,345/mo rent supports operations. 18% in year one. Equity gained on principal adds $7,421/yr, and five-year appreciation sums $317,724 alongside rental yield of 5.58%. Five-year ROI measures 57.22% and total cumulative return in cash totals $213,189. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,345/mo property income versus a $5,629/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1886

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this elegant and inviting 5-bedroom ,3-bathroom colonial home, perfectly situated on a picturesque tree-lined street.The charming front porch sets the tone for this warm and welcoming residence. Step inside to discover a spacious layout featuringa large open kitchen with granite countertops,a center island, a separate eating area, and a skylight that fills the space with natural light. The kitchen flows seamlessly into the cozy family room-ideal for entertaining or relaxing with loved ones.The main level includes a first floor bedroom and a fully updated bathroom.offering comfort and privacy for the whole family. The finished basement provides versatile space for home office, gym, or recreation area.Step outside to a fantastic backyard oasis, complete with an oversized Trex deck- perfect for summer gatherings and outside enjoyment.Additional highlights include a 2 car detached garage and a beautiful landscaped yard.There is a green house type building in yard. Perfect location, a few short blocks to train,close to YMCA and Metuchen pool and the vibrant downtown area filled with cafes, restaurants,shops and local community events

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