3 Wallace AveEwingNJ08618
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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 Ewing at 3 Wallace Ave, Ewing, NJ, 08618 generates $2,025/mo in rent, after a $1,468/mo payment. Total monthly income is $2,025/mo. Return on cash invested sits at 18.55% in year one, and rental yield is 8.1% on a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 96.75% and total cumulative return in cash sums $96,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,025/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
9,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08618, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,741 (100%) |
| Owner Occupied HU | 5,649 (35.9%) |
| Renter Occupied HU | 8,035 (51.0%) |
| Vacant Housing Units | 2,057 (13.1%) |
| Median Home Value | $244,052 |
| Average Home Value | $307,479 |
Housing Distribution
Address Breakdown
Residential
14,218
Single Family
11,289
Multi-Family
2,929
Businesses
565
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Listed by: Wendy D'Orazio • David DePaola and Company Real Estate
Mls Name: Bright MLS
Mls ID: #NJME2067166