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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 Raritan at 9 2nd Avenue, Raritan, NJ, 08869 generates $3,924/mo in rent and, after a $2,496/mo payment, leaves $289/mo in cash flow. Total monthly income is $3,924/mo, and annual cash flow is $3,468/yr on $167,790 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 9.23% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 115.93% and total cumulative return in cash sums $194,523. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,924/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08869, Raritan, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,478 (100%) |
| Owner Occupied HU | 1,586 (45.6%) |
| Renter Occupied HU | 1,735 (49.9%) |
| Vacant Housing Units | 157 ( 4.5%) |
| Median Home Value | $474,089 |
| Average Home Value | $515,988 |
Residential
3,447
Single Family
2,820
Multi-Family
627
Businesses
373
Date | Event | Price |
|---|---|---|
| 2023-11-08 | Sold | $405,000 |
| 2023-10-18 | Pending sale | $385,000 |
| 2023-10-07 | Listed for sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-17 | $7426.18 | 4.88% | $248,700 | N/A |
| 2023-09-17 | $7080.49 | 9.50% | $248,700 | N/A |
| 2022-09-17 | $6466.20 | N/A | $248,700 | N/A |
What's Special
Attic
Listed by: Lisa English • Jersey Property Group Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22528103
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
