19 James Monroe Dr #AMonroe 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
Investment property for sale in Monroe Township at 19 James Monroe Dr #A, Monroe Township, NJ, 08831 uses $125,970 cash to close to unlock $11,500/yr annual cash flow and $958/mo monthly cash flow. Total monthly income runs $3,667/mo, and a $1,860/mo payment keeps the spread at $958/mo. Purchase price stands at $380,000, and rental yield measures 11.58% with $3,667/mo rent. Return on cash invested shows 29.04% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 153.05% and total cumulative return in cash records $192,793. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,667/mo property income covering a $1,860/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A 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: DONNA FLATLEY • MONROE HOME SALES
Mls Name: All Jersey MLS
Mls ID: #2608705R