23 Reese CtPhillipsburgNJ08865
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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 23 Reese Ct, Phillipsburg, NJ, 08865 offers $1,913/mo rent that, after a $1,273/mo payment, leaves $59/mo cash flow. Total monthly income is $1,913/mo, and annual cash flow is $712/yr on $86,187 cash. Return on cash invested measures 20.74% in year one, and rental yield stands at 8.83% at a $259,990 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,830 by year five. Five-year ROI records 108.53% and total cumulative return in cash reaches $93,542. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,913/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
435.60 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: Ralph Velez Jr. • Keller Williams Real Estate
Mls Name: GSMLS
Mls ID: #4003560