515 Spruce StreetTrentonNJ08691
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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 515 Spruce Street, Trenton, NJ, 08691 at $135,000 posts ROI 21.93% with $76/mo cash flow from $1,038/mo rent. Total monthly income equals $1,038/mo, and annual cash flow records $906/yr on $44,753 to close. Return on cash invested measures 21.93% and rental yield reads 9.23% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 114.98% and total cumulative return in cash totals $51,457.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,038/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08691, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,890 (100%) |
| Owner Occupied HU | 5,581 (81.0%) |
| Renter Occupied HU | 1,072 (15.6%) |
| Vacant Housing Units | 237 ( 3.4%) |
| Median Home Value | $575,233 |
| Average Home Value | $581,872 |
Housing Distribution
Address Breakdown
Residential
6,726
Single Family
5,828
Multi-Family
898
Businesses
593
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Listed by: Cathy Carroll • Keller Williams Realty Central Monmouth
Mls Name: MoreMLS
Mls ID: #22526349