45 Hodge RdPrincetonNJ08540
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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 Princeton at 45 Hodge Rd, Princeton, NJ, 08540 priced at $435,000 converts $2,625/mo rent into after a $2,129/mo obligation. Total monthly income equals $2,625/mo. Return on cash invested prints 15.95% in year one, and rental yield reads 7.24% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 82.86% and total cumulative return in cash sums $119,484. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,625/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Townhouse
Built in 1999
2,178 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
19,554
Single Family
16,015
Multi-Family
3,539
Businesses
1,765
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Listed by: Eric Olson • Princeton Windrows Realty LLC
Mls Name: Bright MLS
Mls ID: #NJMX2011132