116 Ridge RoadPhillipsburgNJ08865
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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 Phillipsburg at 116 Ridge Road, Phillipsburg, NJ, 08865 with 5% annual appreciation on a $374,900 basis while $3,000/mo rent supports operations. Total monthly income totals $3,000/mo and a $1,835/mo payment preserves $328/mo for cash returns. Annual cash flow comes to $3,933/yr on $124,279 deployed, and return on cash invested reaches 23.07% in year one. Equity gained on principal adds $2,419/yr, and five-year appreciation sums $103,578 alongside rental yield of 9.6%. Five-year ROI measures 121.05% and total cumulative return in cash totals $150,439.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08865, Phillipsburg, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,971 (100%) |
| Owner Occupied HU | 8,218 (58.8%) |
| Renter Occupied HU | 4,701 (33.6%) |
| Vacant Housing Units | 1,052 ( 7.5%) |
| Median Home Value | $297,026 |
| Average Home Value | $341,089 |
Housing Distribution
Address Breakdown
Residential
13,141
Single Family
12,639
Multi-Family
502
Businesses
908
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Listed by: Awilda Capellan • Re/Max Select
Mls Name: GSMLS
Mls ID: #3992971