1006 Martin Luther King Jr BlvdTrentonNJ08638
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 Trenton at 1006 Martin Luther King Jr Blvd, Trenton, NJ, 08638 offers a 9.3% rental yield on a $166,400 purchase with $1,290/mo rent. Total monthly income registers $1,290/mo, and a $814/mo payment leaves $104/mo available for distribution. Annual cash flow reaches $1,252/yr on $55,162 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $1,074/yr while 5% annual appreciation supports $45,973 over five years. Portfolio math shows five-year ROI at 116.29% and total cumulative return in cash at $64,147. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,290/mo property income against a $814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
1,894 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08638, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,122 (100%) |
| Owner Occupied HU | 4,725 (46.7%) |
| Renter Occupied HU | 3,964 (39.2%) |
| Vacant Housing Units | 1,433 (14.2%) |
| Median Home Value | $263,443 |
| Average Home Value | $319,958 |
Housing Distribution
Address Breakdown
Residential
9,515
Single Family
8,916
Multi-Family
599
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorraine English • Realty Mark Advantage
Mls Name: Bright MLS
Mls ID: #NJME2065850