87 Schindler CtSomersetNJ08873
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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
Rental property for sale in Somerset at 87 Schindler Ct, Somerset, NJ, 08873 generates $4,003/mo in rent, after a $3,206/mo payment. Total monthly income is $4,003/mo. Return on cash invested sits at 16.35% in year one, and rental yield is 7.33% on a $655,000 entry. Equity gained on principal adds $4,227/yr, while 5% annual appreciation builds toward $180,964 over five years. Five-year ROI reaches 84.99% and total cumulative return in cash sums $183,155. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,003/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
7,797 sqft 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: HELEN FARNESKI-SEIWELL • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2605935R