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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% |
- 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 486 College Dr, Edison, NJ, 08817 priced at $290,000 pairs $2,288/mo rent with $221/mo cash flow after a $1,419/mo payment. Total monthly income equals $2,288/mo, and annual cash flow comes to $2,656/yr on $96,135 invested. Return on cash invested is 22.67% in year one, and rental yield stands at 9.47% on a $290,000 basis. Equity gained on principal adds $1,871/yr, and 5% annual appreciation accumulates to $80,122 by year five. Five-year ROI measures 118.92% and total cumulative return in cash reaches $114,328. For financing, Ziffy Mortgage’s DSCR program evaluates $2,288/mo property income against a $1,419/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: Condo
- Year Built: 1977
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: None, Assigned
Location
- City: N/A
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: JASMIN ELALFY • NJ ELITE GROUP LLC
Mls Name: All Jersey MLS
Mls ID: #2603484R