157 Mercer StPhillipsburgNJ08865
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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 157 Mercer St, Phillipsburg, NJ, 08865 priced at $199,000 pairs $1,720/mo rent with $302/mo cash flow after a $974/mo payment. Total monthly income equals $1,720/mo, and annual cash flow comes to $3,619/yr on $65,969 invested. Return on cash invested is 25.39% in year one, and rental yield stands at 10.37% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 133.53% and total cumulative return in cash reaches $88,086. For financing, Ziffy Mortgage’s DSCR program evaluates $1,720/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
2,178 sqft 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: Catherine Weeks • Redfin Corporation
Mls Name: GSMLS
Mls ID: #3977266