489 W Hanover StTrentonNJ08618
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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 489 W Hanover St, Trenton, NJ, 08618 priced at $300,000 converts $2,872/mo rent into $734/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,872/mo, and annual cash flow totals $8,808/yr on $99,450 invested. Return on cash invested prints 28.77% in year one, and rental yield reads 11.49% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 151.57% and total cumulative return in cash sums $150,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,872/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Multi Family
Built in 1917
1,238 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08618, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,741 (100%) |
| Owner Occupied HU | 5,649 (35.9%) |
| Renter Occupied HU | 8,035 (51.0%) |
| Vacant Housing Units | 2,057 (13.1%) |
| Median Home Value | $244,052 |
| Average Home Value | $307,479 |
Housing Distribution
Address Breakdown
Residential
14,218
Single Family
11,289
Multi-Family
2,929
Businesses
565
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Listed by: Peter Boutros • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJME2072020