111 Weldon Way, Pennington, NJ, 08534 | 4.7% Rental Yield

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111 Weldon Way, Pennington, NJ, 08534 | 4.7% Rental Yield | 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 Pennington at 111 Weldon Way, Pennington, NJ, 08534 priced at $775,000 pairs $3,035/mo rent with after a $3,793/mo payment. Total monthly income equals $3,035/mo. Return on cash invested is 8.35% in year one, and rental yield stands at 4.7% on a $775,000 basis. Equity gained on principal adds $5,001/yr, and 5% annual appreciation accumulates to $214,118 by year five. Five-year ROI measures 42.06% and total cumulative return in cash reaches $107,239. For financing, Ziffy Mortgage’s DSCR program evaluates $3,035/mo property income against a $3,793/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1975

0.68 Acres lot

$N/A/sqft

No HOA

More details about the property

The home boasts four spacious bedrooms. The primary bedroom features, en suite bath and office, providing a private retreat for work or study. With closets galore, storage will never be a concern. Recent updates include new Anderson windows, a new furnace, a new hot water heater, and a new two-zone central air system, ensuring modern comfort and efficiency. The property includes an oversized two-car garage and a full basement, offering additional storage. The professionally landscaped grounds enhance the home's curb appeal and provide a serene outdoor environment. Hardwood floors run throughout the home, adding warmth and elegance. Outdoor enthusiasts will appreciate the proximity to the Stony Brook Millstone Watershed and the Lawrence Pennington Hiking and Biking Trails, offering ample opportunities for recreation and exploration. This property represents a unique opportunity to own a home in a sought-after location with easy access to the cultural and educational amenities of Princeton. Experience the perfect balance of suburban tranquility and urban convenience at 111 Weldon Way.

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