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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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% |
Investment property for sale in Pennington at 11 Poor Farm Rd, Pennington, NJ, 08534 uses $180,917 cash to close to unlock $15,552/yr annual cash flow and $1,296/mo monthly cash flow. Total monthly income runs $5,617/mo, and a $2,691/mo payment keeps the spread at $1,296/mo. Purchase price stands at $549,900, and rental yield measures 12.26% with $5,617/mo rent. Return on cash invested shows 28.66% in year one, and 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 151.92% and total cumulative return in cash records $274,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,617/mo property income covering a $2,691/mo payment rather than investor’s personal income.
Single Family
Built in 1985
3.84 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08534, Pennington, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,297 (100%) |
| Owner Occupied HU | 4,071 (76.9%) |
| Renter Occupied HU | 830 (15.7%) |
| Vacant Housing Units | 396 ( 7.5%) |
| Median Home Value | $647,239 |
| Average Home Value | $688,336 |
Residential
5,033
Single Family
4,781
Multi-Family
252
Businesses
706
Date | Event | Price |
|---|---|---|
| 2024-08-09 | Price change | $549,900 |
| 2024-07-25 | Price change | $595,000 |
| 2024-07-11 | Price change | $649,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $16259.42 | N/A | $539,700 | N/A |
| 2022-10-15 | $16259.42 | 2.52% | $539,700 | N/A |
| 2021-10-15 | $15860.04 | 2.55% | $539,700 | N/A |
Listed by: Jamie Walter • Jamie Walter
Mls Name: Bright MLS
Mls Provider:
Mls ID: #NJME2043716
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
