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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 45 Catalpa Plz #45B, Monroe Township, NJ, 08831 priced at $399,500 pairs $3,667/mo rent with $820/mo cash flow after a $1,955/mo payment. Total monthly income equals $3,667/mo, and annual cash flow comes to $9,837/yr on $132,434 invested. Return on cash invested is 27.34% in year one, and rental yield stands at 11.01% on a $399,500 basis. Equity gained on principal adds $2,578/yr, and 5% annual appreciation accumulates to $110,374 by year five. Five-year ROI measures 143.9% and total cumulative return in cash reaches $190,575. For financing, Ziffy Mortgage’s DSCR program evaluates $3,667/mo property income against a $1,955/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
1,841 sqft 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $399,500 |
| 2025-04-08 | Listing removed | $444,900 |
| 2025-02-08 | Listed for sale | $444,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Karen Scarpa • RE/MAX FIRST REALTY, INC.
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2561351M
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