Interstate Highway 24 Shirley LnLawrence TownshipNJ08648
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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
Rental property for sale in Lawrence Township at Interstate Highway 24 Shirley Ln, Lawrence Township, NJ, 08648 priced at $390,000 pairs $3,000/mo rent with $220/mo cash flow after a $1,909/mo payment. Total monthly income equals $3,000/mo, and annual cash flow comes to $2,640/yr on $129,285 invested. Return on cash invested is 21.95% in year one, and rental yield stands at 9.23% on a $390,000 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,750 by year five. Five-year ROI measures 115.02% and total cumulative return in cash reaches $148,700. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1978
1,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08648, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,031 (100%) |
| Owner Occupied HU | 7,958 (61.1%) |
| Renter Occupied HU | 4,397 (33.7%) |
| Vacant Housing Units | 676 ( 5.2%) |
| Median Home Value | $471,687 |
| Average Home Value | $498,738 |
Housing Distribution
Address Breakdown
Residential
12,538
Single Family
11,866
Multi-Family
672
Businesses
1,080
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Listed by: Jan Taylor • Coldwell Banker Residential Brokerage - Princeton
Mls Name: Bright MLS
Mls ID: #NJME2071094