203 Hutchinson StHightstownNJ08520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hightstown at 203 Hutchinson St, Hightstown, NJ, 08520 priced at $385,000 converts $3,620/mo rent into $876/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,620/mo, and annual cash flow totals $10,514/yr on $127,628 invested. Return on cash invested prints 28.15% in year one, and rental yield reads 11.28% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 148.28% and total cumulative return in cash sums $189,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,620/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1950
4,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08520, Hightstown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,591 (100%) |
| Owner Occupied HU | 7,394 (63.8%) |
| Renter Occupied HU | 3,694 (31.9%) |
| Vacant Housing Units | 503 ( 4.3%) |
| Median Home Value | $427,988 |
| Average Home Value | $464,908 |
Housing Distribution
Address Breakdown
Residential
10,863
Single Family
10,018
Multi-Family
845
Businesses
786
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marina Shikman • Coldwell Banker Residential Brokerage-Princeton Jct
Mls Name: Bright MLS
Mls ID: #NJME2065548