Barcelona Plan, Monroe Parke : The TerracesMonroe TownshipNJ08831
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: Barcelona Plan, Monroe Parke: The Terraces, Monroe Township, NJ, 08831 in Monroe Township at $501,990 earns $3,667/mo in rent and nets $89/mo after the $2,380/mo payment, a 8.77% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $138,691 over five years. Ziffy Mortgage underwrites this on a 1.54 DSCR without U.S. credit history. With $4,208/yr in principal paydown, total projected return reaches $188,653.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.1% |
| Monthly Cash Flow | $89 | $285 |
City averages based on Monroe Township market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,667 |
| Total Monthly Debt Service | $3,501 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A 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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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
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