249 Mercer StTrentonNJ08611
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 Trenton at 249 Mercer St, Trenton, NJ, 08611 offers $2,501/mo rent that, after a $1,493/mo payment, leaves $327/mo cash flow. Total monthly income is $2,501/mo, and annual cash flow is $3,922/yr on $101,108 cash. Return on cash invested measures 23.79% in year one, and rental yield stands at 9.84% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 124.88% and total cumulative return in cash reaches $126,262. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,501/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1900
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08611, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,816 (100%) |
| Owner Occupied HU | 2,062 (21.0%) |
| Renter Occupied HU | 6,789 (69.2%) |
| Vacant Housing Units | 965 ( 9.8%) |
| Median Home Value | $121,267 |
| Average Home Value | $239,645 |
Housing Distribution
Address Breakdown
Residential
8,670
Single Family
7,550
Multi-Family
1,120
Businesses
605
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Lawton • CB Schiavone & Associates
Mls Name: Bright MLS
Mls ID: #NJME2071712