709 Mulberry St STrentonNJ08638
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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 Trenton at 709 Mulberry St S, Trenton, NJ, 08638 generates $1,999/mo in rent, after a $1,419/mo payment. Total monthly income is $1,999/mo. Return on cash invested sits at 19.06% in year one, and rental yield is 8.27% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 99.56% and total cumulative return in cash sums $95,716. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,999/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08638, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,122 (100%) |
| Owner Occupied HU | 4,725 (46.7%) |
| Renter Occupied HU | 3,964 (39.2%) |
| Vacant Housing Units | 1,433 (14.2%) |
| Median Home Value | $263,443 |
| Average Home Value | $319,958 |
Housing Distribution
Address Breakdown
Residential
9,515
Single Family
8,916
Multi-Family
599
Businesses
945
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Listed by: Dana Smith • BHHS Fox & Roach-Moorestown
Mls Name: Bright MLS
Mls ID: #NJME2064254