118 Nassau StTrentonNJ08638
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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 Trenton at 118 Nassau St, Trenton, NJ, 08638 uses $82,544 cash to close to unlock $8,291/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,466/mo, and a $1,219/mo payment keeps the spread at $691/mo. Purchase price stands at $249,000, and rental yield measures 11.88% with $2,466/mo rent. Return on cash invested shows 29.95% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 157.93% and total cumulative return in cash records $130,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,466/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1913
1,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08638, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,122 (100%) |
| Owner Occupied HU | 4,725 (46.7%) |
| Renter Occupied HU | 3,964 (39.2%) |
| Vacant Housing Units | 1,433 (14.2%) |
| Median Home Value | $263,443 |
| Average Home Value | $319,958 |
Housing Distribution
Address Breakdown
Residential
9,515
Single Family
8,916
Multi-Family
599
Businesses
945
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Listed by: Lyn Scott • Coldwell Banker Residential Brokerage - Princeton
Mls Name: Bright MLS
Mls ID: #NJME2063770