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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Somerset at 8 Spencer St BLDG 8 #8, Somerset, NJ, 08873 priced at $499,000 pairs $3,240/mo rent with after a $2,442/mo payment. Total monthly income equals $3,240/mo. Return on cash invested is 17.61% in year one, and rental yield stands at 7.79% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 91.76% and total cumulative return in cash reaches $151,794. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
| 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 |
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Nicolas J Dimeglio • Bhhs Fox & Roach
Mls Name: GSMLS
Mls ID: #3976315
