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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Monroe Township at 310 Morning Glory Dr, Monroe Township, NJ, 08831 generates $4,364/mo in rent, after a $4,062/mo payment. Total monthly income is $4,364/mo. Return on cash invested sits at -53.37% in year one, and rental yield is 6.31% on a $829,900 entry. Equity gained on principal adds $5,355/yr, while 5% annual appreciation builds toward $229,286 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,364/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
5,438 sqft lot
$N/A/sqft
$15,157 monthly HOA
Neighborhood data shown for ZIP Code: 08831, Monroe Township, NJ area.
| 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 |
Residential
25,711
Single Family
24,808
Multi-Family
903
Businesses
1,026
Date | Event | Price |
|---|---|---|
| 2012-11-08 | Sold | $405,000 |
| 2012-07-23 | Listed for sale | $409,900 |
| 2006-10-23 | Sold | $432,125 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-06 | $10443.49 | 3.71% | $393,500 | N/A |
| 2023-05-06 | $10069.67 | 1.67% | $393,500 | N/A |
| 2022-05-06 | $9904.40 | 0.48% | $393,500 | N/A |
Listed by: Asha Vikuntam • CENTURY 21 ABRAMS & ASSOCIATES
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2513110R
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