114 Laning AvePenningtonNJ08534
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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 114 Laning Ave, Pennington, NJ, 08534 offers a 5.07% rental yield on a $759,000 purchase with $3,204/mo rent. 46% in year one. Equity gained on principal adds $4,898/yr while 5% annual appreciation supports $209,698 over five years. Portfolio math shows five-year ROI at 48% and total cumulative return in cash at $119,867. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,204/mo property income against a $3,715/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.26 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 Thompson • Corcoran Sawyer Smith - Pennington
Mls Name: Bright MLS
Mls ID: #NJME2071388