507 Ohio AvePhillipsburgNJ08865
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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 Phillipsburg at 507 Ohio Ave, Phillipsburg, NJ, 08865 priced at $465,000 converts $3,009/mo rent into after a $2,276/mo obligation. Total monthly income equals $3,009/mo. Return on cash invested prints 17.53% in year one, and rental yield reads 7.77% against a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation compiles into $128,471 by year five. Five-year ROI reaches 91.32% and total cumulative return in cash sums $140,771. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,009/mo property income covering a $2,276/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08865, Phillipsburg, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,971 (100%) |
| Owner Occupied HU | 8,218 (58.8%) |
| Renter Occupied HU | 4,701 (33.6%) |
| Vacant Housing Units | 1,052 ( 7.5%) |
| Median Home Value | $297,026 |
| Average Home Value | $341,089 |
Housing Distribution
Address Breakdown
Residential
13,141
Single Family
12,639
Multi-Family
502
Businesses
908
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Listed by: Peggy Zapitis • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #3996286