Morganville, NJ — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.7%
Below average
Monthly Cash Flow
-$2,643
After all expenses
Price-to-Rent
18.5
Overpriced for rent
DSCR
0.43
Fails
📊 Key Metrics
- Median Home Price
- $866,721
- Average Rent (3BR)
- $3,900/mo
- Price-to-Rent Ratio
- 18.5(high)
- 1% Rule
- 0.45%(fails — need 1%+)
- Cash-on-Cash Return
- -15.9%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 4.8%(+0.5% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.4% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
2.23%
of assessed value (NJ avg)
Median Income
$89,296
household (NJ avg)
Rent-to-Income
52.4%
Stretched
Section 8 Max Rent
$3,900/mo
3BR voucher payment
🏛️ NJ Investor Climate
Landlord Friendly
4/10
State Income Tax
Has state tax
Property Tax
2.23% effective
Population Trend
+0.4% (3yr)