264 Glen RdMonroe 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
Rental property for sale in Monroe Township at 264 Glen Rd, Monroe Township, NJ, 08831 generates $3,294/mo in rent, after a $2,691/mo payment. Total monthly income is $3,294/mo. Return on cash invested sits at 15.91% in year one, and rental yield is 7.19% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 82.62% and total cumulative return in cash sums $149,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,294/mo property income rather than buyer’s personal income.
Condo
Built in 1977
3,127 sqft 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: KAREN SCARPA • RE/MAX FIRST REALTY, INC.
Mls Name: All Jersey MLS
Mls ID: #2660870M