24-26 Bank StPrincetonNJ08542
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 24-26 Bank St, Princeton, NJ, 08542 in Princeton. Rental yield 1.93%. At $1,995,000 with 1.93% gross yield, current distributions are modest, but the 5% appreciation rate projects $551,182 in new equity by year five, complemented by $18,374/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.36) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $55,778.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 1.9% | 6.2% |
| Monthly Cash Flow | $(11,015) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,205 |
| Total Monthly Debt Service | $13,426 |
| DSCR Ratio | 0.24x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
2,788 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08542, Princeton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,662 (100%) |
| Owner Occupied HU | 511 (30.7%) |
| Renter Occupied HU | 933 (56.1%) |
| Vacant Housing Units | 218 (13.1%) |
| Median Home Value | $844,775 |
| Average Home Value | $891,438 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,186
Multi-Family
374
Businesses
822
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
Multi Family
Built in 1900
2,788 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08542, Princeton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,662 (100%) |
| Owner Occupied HU | 511 (30.7%) |
| Renter Occupied HU | 933 (56.1%) |
| Vacant Housing Units | 218 (13.1%) |
| Median Home Value | $844,775 |
| Average Home Value | $891,438 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,186
Multi-Family
374
Businesses
822
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Crew • BHHS Fox & Roach - Princeton
Mls Name: Bright MLS
Mls ID: #NJME2062222