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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Monroe Township at 106B Hemlock Plz, Monroe Township, NJ, 08831 offers $2,851/mo rent that, after a $1,904/mo payment, leaves $78/mo cash flow. Total monthly income is $2,851/mo, and annual cash flow is $939/yr on $128,954 cash. Return on cash invested measures 20.64% in year one, and rental yield stands at 8.79% at a $389,000 entry. Equity gained on principal adds $2,510/yr while 5% annual appreciation compounds into $107,474 by year five. Five-year ROI records 108.01% and total cumulative return in cash reaches $139,278. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,851/mo property income versus a $1,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08831, Monroe Township, NJ area.
| 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 |
Residential
25,711
Single Family
24,808
Multi-Family
903
Businesses
1,026
Date | Event | Price |
|---|---|---|
| 2025-08-13 | Sold | $389,000 |
| 2025-07-13 | Contingent | $389,000 |
| 2025-06-20 | Listed for sale | $389,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-02 | $3459.77 | 1.67% | $135,200 | N/A |
| 2022-11-02 | $3402.98 | 0.48% | $135,200 | N/A |
| 2021-11-02 | $3386.76 | N/A | $135,200 | N/A |
Listed by: MARY W. SABA • QUEENSTON REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2515585R
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