61 N Franklin StLambertvilleNJ08530
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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 Lambertville at 61 N Franklin St, Lambertville, NJ, 08530 priced at $397,000 pairs $3,121/mo rent with $291/mo cash flow after a $1,943/mo payment. Total monthly income equals $3,121/mo, and annual cash flow comes to $3,496/yr on $131,606 invested. Return on cash invested is 22.57% in year one, and rental yield stands at 9.43% on a $397,000 basis. Equity gained on principal adds $2,562/yr, and 5% annual appreciation accumulates to $109,684 by year five. Five-year ROI measures 118.32% and total cumulative return in cash reaches $155,722. For financing, Ziffy Mortgage’s DSCR program evaluates $3,121/mo property income against a $1,943/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1900
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08530, Lambertville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,682 (100%) |
| Owner Occupied HU | 2,560 (69.5%) |
| Renter Occupied HU | 882 (24.0%) |
| Vacant Housing Units | 240 ( 6.5%) |
| Median Home Value | $634,868 |
| Average Home Value | $688,356 |
Housing Distribution
Address Breakdown
Residential
3,447
Single Family
3,314
Multi-Family
133
Businesses
465
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Listed by: James Maroldi • River Valley Realty Llc
Mls Name: GSMLS
Mls ID: #3987435