350 S Broad St #307TrentonNJ08608
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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 Trenton at 350 S Broad St #307, Trenton, NJ, 08608 generates $1,728/mo in rent, after a $1,463/mo payment. Total monthly income is $1,728/mo. Return on cash invested sits at 15.03% in year one, and rental yield is 6.94% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 77.95% and total cumulative return in cash sums $77,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,728/mo property income rather than buyer’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08608, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,158 (100%) |
| Owner Occupied HU | 102 ( 8.8%) |
| Renter Occupied HU | 835 (72.1%) |
| Vacant Housing Units | 221 (19.1%) |
| Median Home Value | $250,000 |
| Average Home Value | $389,804 |
Housing Distribution
Address Breakdown
Residential
759
Single Family
150
Multi-Family
609
Businesses
380
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Listed by: Douglas Ramos • Century 21 Alliance
Mls Name: Bright MLS
Mls ID: #NJME2063752