306 Kinglet DrMonroe 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 306 Kinglet Dr, Monroe Township, NJ, 08831 priced at $379,000 pairs $3,208/mo rent with after a $1,855/mo payment. Total monthly income equals $3,208/mo. Return on cash invested is -5.17% in year one, and rental yield stands at 10.16% on a $379,000 basis. Equity gained on principal adds $2,446/yr, and 5% annual appreciation accumulates to $104,711 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $3,208/mo property income against a $1,855/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
$3,132 one time 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: Joanne M. Covino • RE/MAX DIAMOND, REALTORS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2512213R
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