67 Mercer StPhillipsburgNJ08865
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
Investment property for sale in Phillipsburg at 67 Mercer St, Phillipsburg, NJ, 08865 uses $57,681 cash to close to unlock $6,845/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $1,811/mo, and a $852/mo payment keeps the spread at $570/mo. Purchase price stands at $174,000, and rental yield measures 12.49% with $1,811/mo rent. Return on cash invested shows 31.78% in year one, and 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 167.75% and total cumulative return in cash records $96,761. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,811/mo property income covering a $852/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
1,306 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark J. Piazza • Re/Max Supreme
Mls Name: GSMLS
Mls ID: #3968280