506 Riverside AveTrentonNJ08618
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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
Investment property for sale in Trenton at 506 Riverside Ave, Trenton, NJ, 08618 uses $58,013 cash to close to unlock $7,694/yr annual cash flow and $641/mo monthly cash flow. Total monthly income runs $1,889/mo, and a $857/mo payment keeps the spread at $641/mo. Purchase price stands at $175,000, and rental yield measures 12.95% with $1,889/mo rent. Return on cash invested shows 33.17% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 175.28% and total cumulative return in cash records $101,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,889/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1913
2,222 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: Laura Smith • RE/MAX Preferred - Cherry Hill
Mls Name: Bright MLS
Mls ID: #NJME2070450