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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 Mount Laurel at 32 Michaelson Dr, Mount Laurel, NJ, 08054 generates $3,480/mo in rent, after a $3,108/mo payment. Total monthly income is $3,480/mo. Return on cash invested sits at 14.05% in year one, and rental yield is 6.58% on a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 72.63% and total cumulative return in cash sums $151,736. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,480/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08054, Mount Laurel, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,468 (100%) |
| Owner Occupied HU | 15,068 (70.2%) |
| Renter Occupied HU | 5,272 (24.6%) |
| Vacant Housing Units | 1,128 ( 5.3%) |
| Median Home Value | $451,760 |
| Average Home Value | $477,584 |
Residential
20,515
Single Family
19,263
Multi-Family
1,252
Businesses
1,633
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jacki Smoyer • Weichert Realtors - Moorestown
Mls Name: Bright MLS
Mls ID: #NJBL2097572
