16 Spruce St, Princeton Junction, NJ, 08550 | 4.31% Rental Yield

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16 Spruce St, Princeton Junction, NJ, 08550 | 4.31% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Princeton Junction at 16 Spruce St, Princeton Junction, NJ, 08550 at $1,200,000 posts ROI 7.27% with from $4,310/mo rent. Total monthly income equals $4,310/mo. Return on cash invested measures 7.27% and rental yield reads 4.31% at the current $1,200,000. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,538 by year five. Five-year ROI prints 36.25% and total cumulative return in cash totals $140,927. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,310/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1993

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

BEAUTIFUL HUNTERS RUN COLONIAL IS EXCEPTIONAL IN EVERY WAY! This warm and welcoming 4 bedroom, 2.5 bath home features a desirable floor plan with high end finishes, updated kitchen & a lovely outdoor space. An impressive two-story foyer with hardwood floors & custom frame molding is flanked by spacious formal rooms. These elegant spaces are enhanced by decorator details like crown and chair rail moldings and boast an abundance of bright windows. French doors connect the living room to a handsome library ,ideal for home office or den. The open floor plan leads to a two-story family room with walls of windows, a gas fireplace & hardwood floors. This inviting space opens to a beautifully designed kitchen! 42 Inch cabinets are complimented by granite counters, a generous center island, stainless steel appliances, wall oven & tile back splash. A sunlit eat-in area offers sliding doors to a beautiful custom deck. Upstairs, double doors open to a grand master suite with a volume ceiling, large walk-in closet and a luxury en suite bath with an inviting soaking tub, dual-sink vanity, & shower stall. Three additional bedrooms and a main hall bath complete this level. This move-in ready home offers a stunning finished basement with media area & kids rec room. Lucky new owners can look forward to making countless memories in the fabulous backyard with inground vinyl pool. Other special features include newer 2 zone Hvac , 2 car garage, alarm & sprinkler systems , newer hwh (2024) & Public water & sewer.

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