153 Concordia Cir #DMonroe TownshipNJ08831
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 153 Concordia Cir #D, Monroe Township, NJ, 08831 generates $2,956/mo in rent and, after a $2,006/mo payment, leaves $35/mo in cash flow. Total monthly income is $2,956/mo, and annual cash flow is $415/yr on $135,878 invested. Return on cash invested sits at 20.21% in year one, and rental yield is 8.65% on a $409,888 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,245 over five years. Five-year ROI reaches 105.71% and total cumulative return in cash sums $143,640. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,956/mo property income rather than buyer’s personal income.
Condo
Built in 1983
4,386 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LAURA A. AKOPIAN • WEICHERT CO REALTORS
Mls Name: All Jersey MLS
Mls ID: #2608259R