12 Penrose LnPrinceton JunctionNJ08550
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
Investment Highlights
Rental property for sale in Princeton Junction at 12 Penrose Ln, Princeton Junction, NJ, 08550 priced at $1,518,000 pairs $6,432/mo rent with after a $7,430/mo payment. Total monthly income equals $6,432/mo. Return on cash invested is 9.66% in year one, and rental yield stands at 5.08% on a $1,518,000 basis. Equity gained on principal adds $9,795/yr, and 5% annual appreciation accumulates to $419,395 by year five. Five-year ROI measures 49.06% and total cumulative return in cash reaches $241,283. For financing, Ziffy Mortgage’s DSCR program evaluates $6,432/mo property income against a $7,430/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08550, Princeton Junction, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,680 (100%) |
| Owner Occupied HU | 5,827 (75.9%) |
| Renter Occupied HU | 1,577 (20.5%) |
| Vacant Housing Units | 276 ( 3.6%) |
| Median Home Value | $775,870 |
| Average Home Value | $780,928 |
Housing Distribution
Address Breakdown
Residential
7,294
Single Family
6,246
Multi-Family
1,048
Businesses
455
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Listed by: Kathryn Baxter • Callaway Henderson Sotheby's Int'l-Princeton
Mls Name: Bright MLS
Mls ID: #NJME2062862