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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 81 Stanwick Ct, Somerset, NJ, 08873 priced at $399,000 converts $3,240/mo rent into $74/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,240/mo, and annual cash flow totals $887/yr on $132,269 invested. Return on cash invested prints 20.58% in year one, and rental yield reads 9.74% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 108.72% and total cumulative return in cash sums $143,798. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Condo
Built in 1985
2,178 sqft lot
$N/A/sqft
$322 monthly 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 |
|---|---|---|
| 2025-06-18 | Listed for sale | $399,000 |
| 2015-07-15 | Sold | $224,000 |
| 2015-04-29 | Listed for sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-19 | $6044.58 | -6.78% | $345,800 | 2.98% |
| 2023-06-19 | $6484.29 | 14.44% | $335,800 | 13.52% |
| 2022-06-19 | $5665.97 | N/A | $295,800 | 15.64% |
Listed by: Dawn Mascia • Re/Max Classic Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970188
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
