111 Howard WayPenningtonNJ08534
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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 Pennington at 111 Howard Way, Pennington, NJ, 08534 uses $205,625 cash to close to unlock $3,062/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $4,710/mo, and a $3,059/mo payment keeps the spread at $255/mo. Purchase price stands at $625,000, and rental yield measures 9.04% with $4,710/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 112.86% and total cumulative return in cash records $232,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,710/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08534, Pennington, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,033
Single Family
4,781
Multi-Family
252
Businesses
706
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Listed by: Susan Dehaven • Corcoran Sawyer Smith
Mls Name: Bright MLS
Mls ID: #NJME2062544