24 Fairview AvePrincetonNJ08540
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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 24 Fairview Ave, Princeton, NJ, 08540 priced at $400,000 converts $3,952/mo rent into $1,101/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,952/mo, and annual cash flow totals $13,208/yr on $132,600 invested. Return on cash invested prints 29.87% in year one, and rental yield reads 11.86% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 157.49% and total cumulative return in cash sums $208,828. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,952/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1939
8,276 sqft 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: Virgil London • Keller Williams Realty East Monmouth
Mls Name: Bright MLS
Mls ID: #NJME2065628