368 Thomas StPhillipsburgNJ08865
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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 368 Thomas St, Phillipsburg, NJ, 08865 listed at $150,000 pairs $2,049/mo rent with a $734/mo payment to leave $980/mo cash flow. Total monthly income runs $2,049/mo, and annual cash flow reaches $11,760/yr on $49,725 cash to close. Return on cash invested measures 43.56% in year one, and rental yield registers 16.39% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 230.89% and total cumulative return in cash totals $114,810. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,049/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1,916 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: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2608986R