210 Canterbury Lane UNIT 210MorganvilleNJ07751
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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 210 Canterbury Lane UNIT 210, Morganville, NJ, 07751 generates $3,762/mo in rent and, after a $2,198/mo payment, leaves $96/mo in cash flow. Total monthly income is $3,762/mo, and annual cash flow is $1,155/yr on $148,844 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 10.05% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 109.62% and total cumulative return in cash sums $163,156. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,762/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$465 monthly 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: Patricia R Naparstek • RE/MAX Imperial
Mls Name: MOMLS
Mls Provider:
Mls ID: #22421720
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.