104 Terrace DrChathamNJ07928
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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 Chatham at 104 Terrace Dr, Chatham, NJ, 07928 listed at $588,000 pairs $3,296/mo rent with a $2,878/mo payment. Total monthly income runs $3,296/mo. Return on cash invested measures 11.2% in year one, and rental yield registers 6.73% at a $588,000 basis. Equity gained on principal adds $3,794/yr, and annual property appreciation at 5% supports $162,454 by year five. Five-year ROI tracks 58.54% and total cumulative return in cash totals $113,256. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,296/mo property income relative to a $2,878/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1989
0.37 Acres lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07928, Chatham, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,409 (100%) |
| Owner Occupied HU | 5,792 (78.2%) |
| Renter Occupied HU | 1,251 (16.9%) |
| Vacant Housing Units | 366 ( 4.9%) |
| Median Home Value | $1,054,078 |
| Average Home Value | $1,149,573 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,670
Multi-Family
603
Businesses
571
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Listed by: Elizabeth Gibson • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3955144
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