551 Hobart AvenueHamiltonNJ08629
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hamilton at 551 Hobart Avenue, Hamilton, NJ, 08629 priced at $299,000 converts $2,867/mo rent into $736/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,867/mo, and annual cash flow totals $8,835/yr on $99,119 invested. Return on cash invested prints 28.82% in year one, and rental yield reads 11.51% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 151.9% and total cumulative return in cash sums $150,562. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,867/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08629, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,505 (100%) |
| Owner Occupied HU | 2,117 (47.0%) |
| Renter Occupied HU | 2,120 (47.1%) |
| Vacant Housing Units | 268 ( 5.9%) |
| Median Home Value | $184,327 |
| Average Home Value | $359,217 |
Housing Distribution
Address Breakdown
Residential
4,007
Single Family
3,990
Multi-Family
17
Businesses
186
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Listed by: Michael Martinetti • Keller Williams Realty Westfield
Mls Name: MoreMLS
Mls ID: #22601813