308 Brakeley AvePhillipsburgNJ08865
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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 308 Brakeley Ave, Phillipsburg, NJ, 08865 offers a 6.69% rental yield on a $365,990 purchase with $2,040/mo rent. 29% in year one. Equity gained on principal adds $2,362/yr while 5% annual appreciation supports $101,116 over five years. Portfolio math shows five-year ROI at 73.93% and total cumulative return in cash at $89,694. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,791/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
8,276 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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Listed by: Ralph Velez Jr. • Keller Williams Real Estate
Mls Name: GSMLS
Mls ID: #3985520