20 Corso RealeMorganvilleNJ07751
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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 Morganville at 20 Corso Reale, Morganville, NJ, 07751 priced at $1,840,000 converts $5,026/mo rent into after a $9,006/mo obligation. Total monthly income equals $5,026/mo. Return on cash invested prints 3.39% in year one, and rental yield reads 3.28% against a $1,840,000 entry. Equity gained on principal adds $11,873/yr, while 5% annual appreciation compiles into $508,358 by year five. Five-year ROI reaches 15.68% and total cumulative return in cash sums $93,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,026/mo property income covering a $9,006/mo payment, not borrower’s personal income.
Single Family
Built in 2003
3.09 Acres 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: Antoinette Pagano • Keller Williams Realty West Monmouth
Mls Name: MOMLS
Mls Provider:
Mls ID: #22510094
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.