49 Palmer Sq W APT D, Princeton, NJ, 08542 | $134/mo Cash Flow

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49 Palmer Sq W APT D, Princeton, NJ, 08542 | $134/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Investment Property+ 1 more

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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

Rental property for sale in Princeton at 49 Palmer Sq W APT D, Princeton, NJ, 08542 offers $2,700/mo rent that, after a $1,762/mo payment, leaves $134/mo cash flow. Total monthly income is $2,700/mo, and annual cash flow is $1,608/yr on $119,340 cash. Return on cash invested measures 21.26% in year one, and rental yield stands at 9% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 111.29% and total cumulative return in cash reaches $132,813. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,700/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1932

N/A lot

$N/A/sqft

No HOA

More details about the property

A tucked-away entrance within historic Palmer Squares most charming building leads the way to a second floor pied-a-terre with potential to be the perfect landing spot in the heart of town. A big fireplace with a faux-painted mantel is the centerpiece of the studio unit, which also offers built-ins and hardwood floors. Opt for under-counter appliances during a future refresh of the alcove kitchen to maximize floor space, especially with so many dining choices right downstairs! Treat yourself to an artisanal ice cream from the Bent Spoon, grab a pint at the newly opened Triumph Brewery or enjoy a picnic lunch out on the town green. While Princeton University is just a block away, where diverse cultural opportunities are never-ending, optional on-site parking lets you come and go as you please. Basement laundry and storage, plus a quiet courtyard, are further perks within the building.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08542, Princeton, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,662 (100%)
Owner Occupied HU	511 (30.7%)
Renter Occupied HU	933 (56.1%)
Vacant Housing Units	218 (13.1%)
Median Home Value	$844,775
Average Home Value	$891,438