393 Newport WayMonroeNJ08831
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 at 393 Newport Way, Monroe, NJ, 08831 offers $1,518/mo rent that, after a $930/mo payment, leaves $164/mo cash flow. Total monthly income is $1,518/mo, and annual cash flow is $1,964/yr on $62,985 cash. Return on cash invested measures 23.03% in year one, and rental yield stands at 9.59% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 120.81% and total cumulative return in cash reaches $76,092. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,518/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1977
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: TRACY SONNER • KELLER WMS GREATER BRUNSWICK
Mls Name: All Jersey MLS
Mls ID: #2660957M