24 Grant WayPhillipsburgNJ08865
Nearby investment properties with comparable rents
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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
Investment property for sale in Phillipsburg at 24 Grant Way, Phillipsburg, NJ, 08865 at $525,990 posts ROI 7.57% with from $1,948/mo rent. Total monthly income equals $1,948/mo. Return on cash invested measures 7.57% and rental yield reads 4.44% at the current $525,990. Equity gained on principal adds $3,394/yr, and 5% annual appreciation supports $145,321 by year five. Five-year ROI prints 37.91% and total cumulative return in cash totals $65,612. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,948/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
9,147 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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Nearby investment properties with comparable prices
Listed by: Ralph Velez Jr. • Keller Williams Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3943319
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