303 Sharon WayMonroe 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 303 Sharon Way, Monroe Township, NJ, 08831 priced at $321,500 pairs $2,834/mo rent with $542/mo cash flow after a $1,574/mo payment. Total monthly income equals $2,834/mo, and annual cash flow comes to $6,504/yr on $106,577 invested. Return on cash invested is 26.01% in year one, and rental yield stands at 10.58% on a $321,500 basis. Equity gained on principal adds $2,075/yr, and 5% annual appreciation accumulates to $88,825 by year five. Five-year ROI measures 136.79% and total cumulative return in cash reaches $145,782. For financing, Ziffy Mortgage’s DSCR program evaluates $2,834/mo property income against a $1,574/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
1,071 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: CAROL GUMPPER • ERA CENTRAL LEVINSON
Mls Name: All Jersey MLS
Mls ID: #2660747M