103 Claridge Ct APT 1PrincetonNJ08540
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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
Investment property for sale in Princeton at 103 Claridge Ct APT 1, Princeton, NJ, 08540 uses $135,584 cash to close to unlock $8,299/yr annual cash flow and $692/mo monthly cash flow. Total monthly income runs $3,607/mo, and a $2,002/mo payment keeps the spread at $692/mo. Purchase price stands at $409,000, and rental yield measures 10.58% with $3,607/mo rent. Return on cash invested shows 26.03% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 136.9% and total cumulative return in cash records $185,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,607/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Apartment
Built in 1990
17 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08540, Princeton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,655 (100%) |
| Owner Occupied HU | 11,699 (59.5%) |
| Renter Occupied HU | 6,342 (32.3%) |
| Vacant Housing Units | 1,614 ( 8.2%) |
| Median Home Value | $777,258 |
| Average Home Value | $905,260 |
Housing Distribution
Address Breakdown
Residential
19,554
Single Family
16,015
Multi-Family
3,539
Businesses
1,765
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Listed by: Catherine O'Connell • Coldwell Banker Residential Brokerage-Princeton Jct
Mls Name: Bright MLS
Mls ID: #NJME2064138