1049 Broad StPhillipsburgNJ08865
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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 Phillipsburg at 1049 Broad St, Phillipsburg, NJ, 08865 uses $56,322 cash to close to unlock $20,359/yr annual cash flow and $1,697/mo monthly cash flow. Total monthly income runs $2,908/mo, and a $832/mo payment keeps the spread at $1,697/mo. Purchase price stands at $169,900, and rental yield measures 20.54% with $2,908/mo rent. Return on cash invested shows 56.06% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 297.95% and total cumulative return in cash records $167,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,908/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1906
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08865, Phillipsburg, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,971 (100%) |
| Owner Occupied HU | 8,218 (58.8%) |
| Renter Occupied HU | 4,701 (33.6%) |
| Vacant Housing Units | 1,052 ( 7.5%) |
| Median Home Value | $297,026 |
| Average Home Value | $341,089 |
Housing Distribution
Address Breakdown
Residential
13,141
Single Family
12,639
Multi-Family
502
Businesses
908
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Listed by: Michael Del Cioppo • Realty One Group Next Door
Mls Name: GSMLS
Mls Provider:
Mls ID: #3941292
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