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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% |
Investment property for sale in Monroe Township at 404 Newport Way #B, Monroe Township, NJ, 08831 offers a 10.01% rental yield on a $439,999 purchase with $3,671/mo rent. Total monthly income registers $3,671/mo, and a $2,154/mo payment leaves $534/mo available for distribution. Annual cash flow reaches $6,412/yr on $145,860 to close, and return on cash invested stands at 24.31% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 127.66% and total cumulative return in cash at $186,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,671/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| 2023-08-18 | Sold | $420,000 |
| 2023-07-12 | Pending sale | $399,900 |
| 2023-07-12 | Contingent | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-17 | $3718.25 | 22.62% | $140,100 | 18.23% |
| 2023-06-17 | $3032.42 | 1.67% | $118,500 | N/A |
| 2022-06-17 | $2982.65 | 0.48% | $118,500 | N/A |
Listed by: Cynthia L. Veniskey • VRI HOMES
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2515410R
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