12 E Prospect StHopewellNJ08525
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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
Total monthly income runs $4,152/mo, and a $2,863/mo payment. Purchase price stands at $585,000, and rental yield measures 8.52% with $4,152/mo rent. Return on cash invested shows 19.95% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 104.28% and total cumulative return in cash records $200,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,152/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 1922
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08525, Hopewell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,001 (100%) |
| Owner Occupied HU | 1,598 (79.9%) |
| Renter Occupied HU | 310 (15.5%) |
| Vacant Housing Units | 93 ( 4.6%) |
| Median Home Value | $625,000 |
| Average Home Value | $653,833 |
Housing Distribution
Address Breakdown
Residential
1,934
Single Family
1,934
Multi-Family
0
Businesses
211
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Listed by: Ellen Abernathy • Gingerbread House Real Estate, LLC
Mls Name: Bright MLS
Mls ID: #NJME2065336