24 W Monroe StMount HollyNJ08060
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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 Mount Holly at 24 W Monroe St, Mount Holly, NJ, 08060 offers $1,352/mo rent that, after a $881/mo payment, leaves $69/mo cash flow. Total monthly income is $1,352/mo, and annual cash flow is $831/yr on $59,637 cash. Return on cash invested measures 21.3% in year one, and rental yield stands at 9.02% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 111.59% and total cumulative return in cash reaches $66,549. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,352/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
2,178 sqft lot
$N/A/sqft
No HOA
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Listed by: Kyra Brinson • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJBL2094344