108 Picadilly Drive #108MorganvilleNJ07751
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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
Investment property for sale in Morganville at 108 Picadilly Drive #108, Morganville, NJ, 07751 uses $162,402 cash to close to unlock $6,695/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $4,050/mo, and a $2,398/mo payment keeps the spread at $558/mo. Purchase price stands at $489,900, and rental yield measures 9.92% with $4,050/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 126.16% and total cumulative return in cash records $204,893. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,050/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07751, Morganville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,396 (100%) |
| Owner Occupied HU | 6,077 (82.2%) |
| Renter Occupied HU | 1,061 (14.3%) |
| Vacant Housing Units | 258 ( 3.5%) |
| Median Home Value | $782,825 |
| Average Home Value | $806,098 |
Housing Distribution
Address Breakdown
Residential
7,170
Single Family
7,021
Multi-Family
149
Businesses
479
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Listed by: John J Sagona • Berkshire Hathaway HomeServices Cangiano Estates
Mls Name: MoreMLS
Mls ID: #22537408