1121 Colts Cir #P, Lawrence Township, NJ, 08648 | $560/mo Cash Flow

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1121 Colts Cir #P, Lawrence Township, NJ, 08648 | $560/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 Lawrence Township at 1121 Colts Cir #P, Lawrence Township, NJ, 08648 generates $2,342/mo in rent and, after a $1,224/mo payment, leaves $560/mo in cash flow. Total monthly income is $2,342/mo, and annual cash flow is $6,716/yr on $82,875 invested. Return on cash invested sits at 28.01% in year one, and rental yield is 11.24% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 147.54% and total cumulative return in cash sums $122,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,342/mo property income rather than buyer’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1121 Colts Circle, a freshly painted first-floor condo in Carriage Park at Lawrence, a 55+ community known for its comfortable layout and convenient location. This two-bedroom, two-bath home offers a practical floor plan with a spacious living/dining area and a kitchen with generous cabinetry and plenty of workspace. Being on the first floor makes access simpleno stairs, no elevator waits, and close proximity to the assigned parking spot. The primary bedroom suite includes a walk-in closet and a private bath with a double vanity, soaking tub, and separate shower. The second bedroom, positioned on the opposite side of the unit, works well for guests or a home office and has a full bath nearby. Additional highlights include in-unit laundry, multiple walk-in closets, and a dedicated basement storage space. Residents of Carriage Park enjoy a clubhouse with a fitness center, swimming pool, game rooms, and library, along with indoor mail delivery and close proximity to the Senior Center, library, and local shopping. At least one resident must be 55 or older.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08648, Trenton, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,031 (100%)
Owner Occupied HU	7,958 (61.1%)
Renter Occupied HU	4,397 (33.7%)
Vacant Housing Units	676 ( 5.2%)
Median Home Value	$471,687
Average Home Value	$498,738