1529 Paxton Lane #1529Monroe 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 1529 Paxton Lane #1529, Monroe Township, NJ, 08831 generates $3,480/mo in rent, after a $4,307/mo payment. Total monthly income is $3,480/mo. Return on cash invested sits at 8.49% in year one, and rental yield is 4.75% on a $879,900 entry. Equity gained on principal adds $5,678/yr, while 5% annual appreciation builds toward $243,100 over five years. Five-year ROI reaches 42.79% and total cumulative return in cash sums $123,865. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,480/mo property income rather than buyer’s personal income.
Condo
Built in 2020
1,742 sqft 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: Stacey Vilardi • RE/MAX First Realty
Mls Name: MoreMLS
Mls ID: #22531541