116 Renfrew AveTrentonNJ08618
INVESTMENT ANALYSIS
Investment Verdict
Solid Income116 Renfrew Ave, Trenton, NJ, 08618 in Trenton is a solid income-producing rental, 9.99% gross yield, $4,145/mo rent, $597/mo net cash flow on a $497,700 buy. DSCR 1.85 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $137,505 and $4,584/yr in principal reduction project a total cumulative return of $229,216.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.8% |
| Monthly Cash Flow | $597 | $1,850 |
City averages based on Trenton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,145 |
| Total Monthly Debt Service | $3,350 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1928
8,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08618, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,741 (100%) |
| Owner Occupied HU | 5,649 (35.9%) |
| Renter Occupied HU | 8,035 (51.0%) |
| Vacant Housing Units | 2,057 (13.1%) |
| Median Home Value | $244,052 |
| Average Home Value | $307,479 |
Housing Distribution
Address Breakdown
Residential
14,218
Single Family
11,289
Multi-Family
2,929
Businesses
565
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1928
8,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08618, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,741 (100%) |
| Owner Occupied HU | 5,649 (35.9%) |
| Renter Occupied HU | 8,035 (51.0%) |
| Vacant Housing Units | 2,057 (13.1%) |
| Median Home Value | $244,052 |
| Average Home Value | $307,479 |
Housing Distribution
Address Breakdown
Residential
14,218
Single Family
11,289
Multi-Family
2,929
Businesses
565
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Reid • BHHS Fox & Roach Hopewell Valley
Mls Name: Bright MLS
Mls ID: #NJME2072418