303 Rainbow WayPhillipsburgNJ08865
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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 303 Rainbow Way, Phillipsburg, NJ, 08865 with 5% annual appreciation on a $215,000 basis while $2,096/mo rent supports operations. Total monthly income totals $2,096/mo and a $1,052/mo payment preserves $365/mo for cash returns. Annual cash flow comes to $4,378/yr on $71,273 deployed, and return on cash invested reaches 26.05% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 11.7%. Five-year ROI measures 138.22% and total cumulative return in cash totals $98,509.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,096/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2008
N/A lot
$N/A/sqft
$199 monthly 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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Listed by: Kathryn Kingfield • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3951491
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