107 Lassen Ct APT 3, Princeton, NJ, 08540 | $221/mo Cash Flow

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107 Lassen Ct APT 3, Princeton, NJ, 08540 | $221/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Princeton at 107 Lassen Ct APT 3, Princeton, NJ, 08540 generates $3,607/mo in rent and, after a $2,325/mo payment, leaves $221/mo in cash flow. Total monthly income is $3,607/mo, and annual cash flow is $2,654/yr on $157,463 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 9.11% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 113.13% and total cumulative return in cash sums $178,135. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,607/mo property income rather than buyer’s personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this move-in ready first-floor Cloister model, one of the largest floor plans in the community. Perfectly situated in a prime location backing to serene woodswith no parking lot viewsthis home offers both privacy and convenience. Step inside to find a bright, freshly painted interior featuring new luxury vinyl plank flooring throughout. The spacious kitchen is highlighted by stainless steel appliances and a charming bay window, while the adjoining oversized covered patioaccessible from both the kitchen and living roomprovides the ideal setting for relaxing or entertaining against a tranquil wooded backdrop. The living and dining area is anchored by a cozy two-sided fireplace with a brand-new mantel and tile surround. Both bedrooms are generously sized with excellent closet space. The two full bathrooms have been completely and tastefully remodeled, brand new and ready for the new owner to enjoy.A full size washer dryer is also conveniently located in the utility room. Colonnade Pointe residents enjoy access to the community pool, playground, and scenic jogging/walking paths. The location is unbeatablejust across from MarketFair Mall, near Whole Foods and Trader Joes, and with easy access to Princeton Junction Station and major highways. All this, plus the highly acclaimed West Windsor-Plainsboro School District. This pet-free community is known for its quiet, park-like setting and unbeatable convenience. Dont miss your chance to make this beautifully updated condo your new homeschedule a showing today!

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