9 Somerset Ln UNIT 501EdgewaterNJ07020
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
Investment property for sale in Edgewater at 9 Somerset Ln UNIT 501, Edgewater, NJ, 07020 offers a 4.16% rental yield on a $1,399,000 purchase with $4,850/mo rent. 81% in year one. Equity gained on principal adds $9,028/yr while 5% annual appreciation supports $386,518 over five years. Portfolio math shows five-year ROI at 33.77% and total cumulative return in cash at $153,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,850/mo property income against a $6,847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: EDWARD VERDEL • COMPASS
Mls Name: HCMLS
Mls ID: #250025740