306 Princeton CourtShrewsburyNJ07702
Nearby investment properties with comparable rents
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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 Shrewsbury at 306 Princeton Court, Shrewsbury, NJ, 07702 offers $5,107/mo rent that, after a $3,867/mo payment. Total monthly income is $5,107/mo. Return on cash invested measures 16.05% in year one, and rental yield stands at 7.76% at a $790,000 entry. Equity gained on principal adds $5,098/yr while 5% annual appreciation compounds into $218,262 by year five. Five-year ROI records 83.91% and total cumulative return in cash reaches $218,100. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,107/mo property income versus a $3,867/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2012
871.20 sqft lot
$N/A/sqft
$345 monthly 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
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Listed by: Catherine Lloyd • Brokers 3 Realtors
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22513062
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.