1503 South MainPhillipsburgNJ08865
Nearby investment properties with comparable rents
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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 Phillipsburg at 1503 South Main, Phillipsburg, NJ, 08865 generates $3,311/mo in rent and, after a $2,197/mo payment, leaves $112/mo in cash flow. Total monthly income is $3,311/mo, and annual cash flow is $1,340/yr on $148,777 invested. Return on cash invested sits at 20.81% in year one, and rental yield is 8.85% on a $448,800 entry. Equity gained on principal adds $2,896/yr, while 5% annual appreciation builds toward $123,995 over five years. Five-year ROI reaches 108.9% and total cumulative return in cash sums $162,025. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,311/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.29 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: Deborah Sterner • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3990883