1315 Colts Cir #GLawrence TownshipNJ08648
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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
Rental property for sale in Lawrence Township at 1315 Colts Cir #G, Lawrence Township, NJ, 08648 generates $1,398/mo in rent and, after a $902/mo payment, leaves $85/mo in cash flow. Total monthly income is $1,398/mo, and annual cash flow is $1,015/yr on $61,062 invested. Return on cash invested sits at 21.57% in year one, and rental yield is 9.11% on a $184,200 entry. Equity gained on principal adds $1,189/yr, while 5% annual appreciation builds toward $50,891 over five years. Five-year ROI reaches 113.02% and total cumulative return in cash sums $69,015. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,398/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08648, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,031 (100%) |
| Owner Occupied HU | 7,958 (61.1%) |
| Renter Occupied HU | 4,397 (33.7%) |
| Vacant Housing Units | 676 ( 5.2%) |
| Median Home Value | $471,687 |
| Average Home Value | $498,738 |
Housing Distribution
Address Breakdown
Residential
12,538
Single Family
11,866
Multi-Family
672
Businesses
1,080
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Listed by: Ann Nanni • Coldwell Banker Hearthside
Mls Name: Bright MLS
Mls ID: #NJME2070788