355 New Haven 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 355 New Haven Way, Monroe Township, NJ, 08831 generates $2,285/mo in rent and, after a $1,566/mo payment, leaves $4/mo in cash flow. Total monthly income is $2,285/mo, and annual cash flow is $52/yr on $106,080 invested. Return on cash invested sits at 19.96% in year one, and rental yield is 8.57% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 104.36% and total cumulative return in cash sums $110,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,285/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A 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: GIOVANNA LEONARDO-DOLAN • KELLER WILLIAMS WEST MONMOUTH
Mls Name: All Jersey MLS
Mls ID: #2604847R