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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 5 Alexander Dr, Monroe Township, NJ, 08831 generates $4,884/mo in rent, after a $4,405/mo payment. Total monthly income is $4,884/mo. Return on cash invested sits at 13.86% in year one, and rental yield is 6.51% on a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation builds toward $248,626 over five years. Five-year ROI reaches 71.6% and total cumulative return in cash sums $211,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,884/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.69 Acres 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 |
|---|---|---|
| 2024-10-09 | Listed for sale | $899,900 |
| 2024-09-30 | Listing removed | $925,000 |
| 2024-09-25 | Price change | $925,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $12528.86 | 1.67% | $489,600 | N/A |
| 2022-10-16 | $12323.23 | 0.48% | $489,600 | N/A |
| 2021-10-16 | $12264.48 | N/A | $489,600 | N/A |
Listed by: Michael Matthews • ORANGE KEY REALTY, INC.
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2504738R
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