232 Yale BoulevardShrewsburyNJ07702
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 232 Yale Boulevard, Shrewsbury, NJ, 07702 in Shrewsbury clears it at 1.66, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.96%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $223,788; $7,460/yr in principal equity; total projected return: $328,047.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.2% |
| Monthly Cash Flow | $(157) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $6,047 |
| Total Monthly Debt Service | $5,451 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2012
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07702, Shrewsbury, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,522 (100%) |
| Owner Occupied HU | 1,311 (86.1%) |
| Renter Occupied HU | 161 (10.6%) |
| Vacant Housing Units | 50 ( 3.3%) |
| Median Home Value | $831,014 |
| Average Home Value | $847,965 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,438
Multi-Family
122
Businesses
603
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
Condo
Built in 2012
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07702, Shrewsbury, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,522 (100%) |
| Owner Occupied HU | 1,311 (86.1%) |
| Renter Occupied HU | 161 (10.6%) |
| Vacant Housing Units | 50 ( 3.3%) |
| Median Home Value | $831,014 |
| Average Home Value | $847,965 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,438
Multi-Family
122
Businesses
603
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MoreMLS
Mls ID: #22610297