10 Mimi DrMonroe TownshipNJ08831
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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 Monroe Township at 10 Mimi Dr, Monroe Township, NJ, 08831 generates $5,866/mo in rent, after a $6,192/mo payment. Total monthly income is $5,866/mo. Return on cash invested sits at 11.14% in year one, and rental yield is 5.56% on a $1,265,000 entry. Equity gained on principal adds $8,163/yr, while 5% annual appreciation builds toward $349,496 over five years. Five-year ROI reaches 57% and total cumulative return in cash sums $233,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,866/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08831, Monroe Township, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,207 (100%) |
| Owner Occupied HU | 21,489 (85.3%) |
| Renter Occupied HU | 2,452 ( 9.7%) |
| Vacant Housing Units | 1,266 ( 5.0%) |
| Median Home Value | $593,087 |
| Average Home Value | $608,854 |
Housing Distribution
Address Breakdown
Residential
25,711
Single Family
24,808
Multi-Family
903
Businesses
1,026
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Listed by: RICHARD J. ABRAMS • CENTURY 21 ABRAMS & ASSOCIATES
Mls Name: All Jersey MLS
Mls ID: #2600882R