73 Turnberry DrMonroe TownshipNJ08831
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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
Rental property for sale in Monroe Township at 73 Turnberry Dr, Monroe Township, NJ, 08831 offers $3,796/mo rent that, after a $3,715/mo payment. Total monthly income is $3,796/mo. Return on cash invested measures 12.3% in year one, and rental yield stands at 6% at a $759,000 entry. Equity gained on principal adds $4,898/yr while 5% annual appreciation compounds into $209,698 by year five. Five-year ROI records 63.26% and total cumulative return in cash reaches $157,967. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,796/mo property income versus a $3,715/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
7,840 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
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Listed by: CHERYL HAND • BHHS FOX & ROACH REALTORS
Mls Name: All Jersey MLS
Mls ID: #2602295R