224 Raymond Rd SPrincetonNJ08540
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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 Princeton at 224 Raymond Rd S, Princeton, NJ, 08540 generates $5,998/mo in rent, after a $4,222/mo payment. Total monthly income is $5,998/mo. Return on cash invested sits at 19.42% in year one, and rental yield is 8.35% on a $862,500 entry. Equity gained on principal adds $5,566/yr, while 5% annual appreciation builds toward $238,293 over five years. Five-year ROI reaches 101.45% and total cumulative return in cash sums $287,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,998/mo property income rather than buyer’s personal income.
Single Family
Built in 1850
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08540, Princeton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,655 (100%) |
| Owner Occupied HU | 11,699 (59.5%) |
| Renter Occupied HU | 6,342 (32.3%) |
| Vacant Housing Units | 1,614 ( 8.2%) |
| Median Home Value | $777,258 |
| Average Home Value | $905,260 |
Housing Distribution
Address Breakdown
Residential
19,554
Single Family
16,015
Multi-Family
3,539
Businesses
1,765
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Listed by: Tanya E Dorfman • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2560516M
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