9 Herman StSouth RiverNJ08882
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South River at 9 Herman St, South River, NJ, 08882 priced at $399,900 converts $2,947/mo rent into $97/mo cash flow after a $1,957/mo obligation. Total monthly income equals $2,947/mo, and annual cash flow totals $1,163/yr on $132,567 invested. Return on cash invested prints 20.79% in year one, and rental yield reads 8.84% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 108.77% and total cumulative return in cash sums $144,188. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,947/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1895
3,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08882, South River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 3,666 (62.0%) |
| Renter Occupied HU | 2,002 (33.9%) |
| Vacant Housing Units | 245 ( 4.1%) |
| Median Home Value | $489,055 |
| Average Home Value | $507,833 |
Housing Distribution
Address Breakdown
Residential
5,632
Single Family
5,387
Multi-Family
245
Businesses
451
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Listed by: DONNA M. TENNARO • KELLER WILLIAMS WEST MONMOUTH
Mls Name: All Jersey MLS
Mls ID: #2610020R