74 Leigh Ave, Princeton, NJ, 08542 | $330/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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74 Leigh Ave, Princeton, NJ, 08542 | $330/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Princeton at 74 Leigh Ave, Princeton, NJ, 08542 priced at $699,000 converts $5,312/mo rent into $330/mo cash flow after a $3,421/mo obligation. Total monthly income equals $5,312/mo, and annual cash flow totals $3,959/yr on $229,971 invested. Return on cash invested prints 21.78% in year one, and rental yield reads 9.12% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 114.09% and total cumulative return in cash sums $262,370. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,312/mo property income covering a $3,421/mo payment, not borrower’s personal income.

Single Family

Built in 1900

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming and full of character, this 4-bedroom, 2-bath Colonial seamlessly blends timeless elegance with everyday functionality. Featuring hardwood floors, an enclosed front porch, formal living and dining rooms, a cozy fireplace, and an eat-in kitchen, the home also offers a walk-up attic and unfinished basement for added potential. A private one-car driveway adds a rare convenience for in-town living. Enjoy a spacious backyard and a walkable location just minutes from downtown Princeton, schools, shops, dining, and transitperfect for those seeking in-town living with classic appeal.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08542, Princeton, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,662 (100%)
Owner Occupied HU	511 (30.7%)
Renter Occupied HU	933 (56.1%)
Vacant Housing Units	218 (13.1%)
Median Home Value	$844,775
Average Home Value	$891,438