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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Phillipsburg at 162 Summit Avenue, Phillipsburg, NJ, 08865 uses $129,252 cash to close to unlock $15,999/yr annual cash flow and $1,333/mo monthly cash flow. Total monthly income runs $4,112/mo, and a $1,908/mo payment keeps the spread at $1,333/mo. Purchase price stands at $389,900, and rental yield measures 12.66% with $4,112/mo rent. Return on cash invested shows 32.29% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 170.48% and total cumulative return in cash records $220,345. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,112/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08865, Phillipsburg, NJ area.
| 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 |
Residential
13,141
Single Family
12,639
Multi-Family
502
Businesses
908
Date | Event | Price |
|---|---|---|
| 2024-08-01 | Listed for sale | $389,900 |
| 1998-05-26 | Sold | $69,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-13 | $5905.53 | 3.15% | $146,700 | N/A |
| 2022-09-13 | $5725.09 | 0.80% | $146,700 | N/A |
| 2021-09-13 | $5679.61 | 0.70% | $146,700 | N/A |
Listed by: Constance A. Kingston • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3916784
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
