413 Monmouth StTrentonNJ08609
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.35% yield at 413 Monmouth St, Trenton, NJ, 08609 in Trenton is solid, but the $859/mo payment compresses net cash flow to $127/mo at $191,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $52,770 by year five, and $1,759/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.73) without U.S. income documentation. Total projected return: $81,379.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.8% |
| Monthly Cash Flow | $127 | $1,850 |
City averages based on Trenton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,488 |
| Total Monthly Debt Service | $1,285 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1892
1,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08609, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,633 (100%) |
| Owner Occupied HU | 1,318 (23.4%) |
| Renter Occupied HU | 3,689 (65.5%) |
| Vacant Housing Units | 626 (11.1%) |
| Median Home Value | $123,052 |
| Average Home Value | $288,171 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,110
Multi-Family
700
Businesses
352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1892
1,398 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08609, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,633 (100%) |
| Owner Occupied HU | 1,318 (23.4%) |
| Renter Occupied HU | 3,689 (65.5%) |
| Vacant Housing Units | 626 (11.1%) |
| Median Home Value | $123,052 |
| Average Home Value | $288,171 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,110
Multi-Family
700
Businesses
352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Bright MLS
Mls ID: #NJME2073104