70 Miles AveHamiltonNJ08610
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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 Hamilton at 70 Miles Ave, Hamilton, NJ, 08610 generates $1,295/mo in rent and, after a $832/mo payment, leaves $83/mo in cash flow. Total monthly income is $1,295/mo, and annual cash flow is $1,000/yr on $56,355 invested. Return on cash invested sits at 21.68% in year one, and rental yield is 9.14% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 113.64% and total cumulative return in cash sums $64,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,295/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08610, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,084 (100%) |
| Owner Occupied HU | 7,937 (60.7%) |
| Renter Occupied HU | 4,527 (34.6%) |
| Vacant Housing Units | 620 ( 4.7%) |
| Median Home Value | $299,122 |
| Average Home Value | $335,942 |
Housing Distribution
Address Breakdown
Residential
12,011
Single Family
11,942
Multi-Family
69
Businesses
643
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Listed by: Peter Boutros • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJME2072420