711 Elk RdMonroevilleNJ08343
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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
Investment property for sale in Monroeville at 711 Elk Rd, Monroeville, NJ, 08343 earns $125/mo cash flow from $1,265/mo rent with a $783/mo payment. Total monthly income totals $1,265/mo, and annual cash flow totals $1,499/yr on $53,007 capital. ROI tracks 22.74% on current figures, and rental yield reads 9.49% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 119.25% and total cumulative return in cash sums $63,210. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,265/mo property income instead of your personal income.
Single Family
Built in 1850
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08343, Monroeville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,829 (100%) |
| Owner Occupied HU | 1,528 (83.5%) |
| Renter Occupied HU | 191 (10.4%) |
| Vacant Housing Units | 110 ( 6.0%) |
| Median Home Value | $402,640 |
| Average Home Value | $432,155 |
Housing Distribution
Address Breakdown
Residential
1,636
Single Family
1,636
Multi-Family
0
Businesses
57
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Listed by: Joe Biancaniello • Marketplace Realty
Mls Name: Bright MLS
Mls ID: #NJGL2065894