116 Cleveland AveTrentonNJ08609
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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 116 Cleveland Ave, Trenton, NJ, 08609 priced at $215,000 converts $1,457/mo rent into after a $1,052/mo obligation. Total monthly income equals $1,457/mo. Return on cash invested prints 18.64% in year one, and rental yield reads 8.13% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 97.28% and total cumulative return in cash sums $69,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,457/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Townhouse
Built in 1929
1,481 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: Hailey Cope • Better Homes and Gardens Real Estate Maturo
Mls Name: Bright MLS
Mls ID: #NJME2067124