37A Melrose Ct BLDG 37 #A, Princeton, NJ, 08540 | $533/mo Cash Flow

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37A Melrose Ct BLDG 37 #A, Princeton, NJ, 08540 | $533/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Princeton at 37A Melrose Ct BLDG 37 #A, Princeton, NJ, 08540 listed at $565,000 pairs $4,560/mo rent with a $2,765/mo payment to leave $533/mo cash flow. Total monthly income runs $4,560/mo, and annual cash flow reaches $6,398/yr on $185,885 cash to close. Return on cash invested measures 23.5% in year one, and rental yield registers 9.68% at a $565,000 basis. Equity gained on principal adds $3,646/yr, and annual property appreciation at 5% supports $156,099 by year five. Five-year ROI tracks 123.34% and total cumulative return in cash totals $229,275. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,560/mo property income relative to a $2,765/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 1986

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

SO worth the wait! End-unit privacy, cul-de-sac location, and treehouse views! Notable for their double balconies, plentiful natural light, and infrequent availability, this updated Devonwood model offers a relaxed and flexible floor plan well-suited to today's evolving needs. Let's start with the welcoming wrap-around front porch! Enter the large accommodating front Foyer, then onto a spacious Living / Dining Room with woodburning fireplace and enchanting front balcony. Sunny updated Kitchen with large walk-in pantry (or Office space), and easy access to the enormous rear deck backing to woods. Primary Bedroom Suite includes walk-in closet and full updated bathroom with both tub and separate shower. Second Bedroom also has its own full updated bath, walk-in closet, and a second private balcony. Finished basement serves well for your additional space requirements - office, entertaining, perhaps a place to pursue that hobby. Extra-wide garage for additional storage, too. All backing to woods for that green and serene feeling. Montgomery Woods offers tennis courts, tot lot and walking paths, and easy access to adjacent Autumn Hill Reserve Trails. The community is also minutes to downtown Princeton, commuting roads and rails, shopping and wonderful park and recreation resources. Experience the quality, convenience, and sanctuary feel this home offers!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08540, Princeton, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,655 (100%)
Owner Occupied HU	11,699 (59.5%)
Renter Occupied HU	6,342 (32.3%)
Vacant Housing Units	1,614 ( 8.2%)
Median Home Value	$777,258
Average Home Value	$905,260