617 Heath CtLambertvilleNJ08530
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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 617 Heath Ct, Lambertville, NJ, 08530 priced at $900,000 converts $2,670/mo rent into after a $4,405/mo obligation. Total monthly income equals $2,670/mo. Return on cash invested prints 4.88% in year one, and rental yield reads 3.56% against a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation compiles into $248,653 by year five. Five-year ROI reaches 23.46% and total cumulative return in cash sums $69,468. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,670/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Townhouse
Built in 2005
1,742 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: Rico Rodriguez • Coldwell Banker Hearthside
Mls Name: GSMLS
Mls ID: #4003958