62 Helmetta RdMonroe TownshipNJ08831
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 Township at 62 Helmetta Rd, Monroe Township, NJ, 08831 priced at $449,000 converts $3,691/mo rent into $490/mo cash flow after a $2,198/mo obligation. Total monthly income equals $3,691/mo, and annual cash flow totals $5,883/yr on $148,844 invested. Return on cash invested prints 23.86% in year one, and rental yield reads 9.86% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 125.29% and total cumulative return in cash sums $186,484. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,691/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1921
5,000 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JEFFREY A. PRONTNICKI • GREEN LIGHT REALTY LLC
Mls Name: All Jersey MLS
Mls ID: #2606824R