15 Old Ridge RdMonmouth JunctionNJ08852
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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 Monmouth Junction at 15 Old Ridge Rd, Monmouth Junction, NJ, 08852 uses $165,419 cash to close to unlock $10,723/yr annual cash flow and $894/mo monthly cash flow. Total monthly income runs $4,450/mo, and a $2,442/mo payment keeps the spread at $894/mo. Purchase price stands at $499,000, and rental yield measures 10.7% with $4,450/mo rent. Return on cash invested shows 26.39% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 138.84% and total cumulative return in cash records $229,662. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,450/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08852, Monmouth Junction, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,820 (100%) |
| Owner Occupied HU | 4,322 (63.4%) |
| Renter Occupied HU | 2,215 (32.5%) |
| Vacant Housing Units | 283 ( 4.1%) |
| Median Home Value | $666,326 |
| Average Home Value | $679,054 |
Housing Distribution
Address Breakdown
Residential
6,935
Single Family
6,860
Multi-Family
75
Businesses
483
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Listed by: JON CARLO CASCIO • KELLER WILLIAMS REALTY
Mls Name: All Jersey MLS
Mls ID: #2607690R