239 Sparrow DrHamiltonNJ08690
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 Hamilton at 239 Sparrow Dr, Hamilton, NJ, 08690 priced at $559,900 converts $4,244/mo rent into $254/mo cash flow after a $2,740/mo obligation. Total monthly income equals $4,244/mo, and annual cash flow totals $3,043/yr on $184,207 invested. Return on cash invested prints 21.71% in year one, and rental yield reads 9.1% against a $559,900 entry. Equity gained on principal adds $3,613/yr, while 5% annual appreciation compiles into $154,690 by year five. Five-year ROI reaches 113.72% and total cumulative return in cash sums $209,482. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,244/mo property income covering a $2,740/mo payment, not borrower’s personal income.
Townhouse
Built in 2011
5,266 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08690, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,739 (100%) |
| Owner Occupied HU | 6,379 (82.4%) |
| Renter Occupied HU | 1,145 (14.8%) |
| Vacant Housing Units | 215 ( 2.8%) |
| Median Home Value | $415,654 |
| Average Home Value | $449,540 |
Housing Distribution
Address Breakdown
Residential
8,000
Single Family
7,929
Multi-Family
71
Businesses
499
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Listed by: Danielle Parillo • Coldwell Banker Residential Brokerage - Flemington
Mls Name: Bright MLS
Mls ID: #NJME2067616