9 Lenox StEdisonNJ08817
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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 Edison at 9 Lenox St, Edison, NJ, 08817 priced at $879,000 converts $4,684/mo rent into after a $4,302/mo obligation. Total monthly income equals $4,684/mo. Return on cash invested prints 13.5% in year one, and rental yield reads 6.39% against a $879,000 entry. Equity gained on principal adds $5,672/yr, while 5% annual appreciation compiles into $242,851 by year five. Five-year ROI reaches 69.67% and total cumulative return in cash sums $201,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,684/mo property income covering a $4,302/mo payment, not borrower’s personal income.
Single Family
Built in 1927
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08817, Edison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,827 (100%) |
| Owner Occupied HU | 9,145 (51.3%) |
| Renter Occupied HU | 7,817 (43.8%) |
| Vacant Housing Units | 865 ( 4.9%) |
| Median Home Value | $472,544 |
| Average Home Value | $492,607 |
Housing Distribution
Address Breakdown
Residential
17,393
Single Family
15,735
Multi-Family
1,658
Businesses
1,358
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Listed by: JULIET KRUMHOLTZ • LEGENDARY REALTY LLC
Mls Name: All Jersey MLS
Mls ID: #2600837R