115 Pearl StTrentonNJ08609
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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
Rental property for sale in Trenton at 115 Pearl St, Trenton, NJ, 08609 priced at $285,000 converts $2,760/mo rent into $729/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $8,742/yr on $94,478 invested. Return on cash invested prints 29.16% in year one, and rental yield reads 11.62% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 153.72% and total cumulative return in cash sums $145,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Multi Family
Built in 1887
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08609, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,633 (100%) |
| Owner Occupied HU | 1,318 (23.4%) |
| Renter Occupied HU | 3,689 (65.5%) |
| Vacant Housing Units | 626 (11.1%) |
| Median Home Value | $123,052 |
| Average Home Value | $288,171 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,110
Multi-Family
700
Businesses
352
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Listed by: Tawana Riggins • The Riggins Group LLC
Mls Name: Bright MLS
Mls ID: #NJME2070992