96 Salix Plz #CMonroe 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 96 Salix Plz #C, Monroe Township, NJ, 08831 priced at $348,888 converts $2,387/mo rent into after a $1,708/mo obligation. Total monthly income equals $2,387/mo. Return on cash invested prints 18.87% in year one, and rental yield reads 8.21% against a $348,888 entry. Equity gained on principal adds $2,251/yr, while 5% annual appreciation compiles into $96,391 by year five. Five-year ROI reaches 98.51% and total cumulative return in cash sums $113,929. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,387/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Condo
Built in 1974
2,395 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: KAREN SCARPA • RE/MAX FIRST REALTY, INC.
Mls Name: All Jersey MLS
Mls ID: #2661089M