131 Van Houton Ave, Chatham, NJ, 07928 | 4.3% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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131 Van Houton Ave, Chatham, NJ, 07928 | 4.3% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chatham at 131 Van Houton Ave, Chatham, NJ, 07928 with 5% annual appreciation on a $1,350,000 basis while $4,838/mo rent supports operations. 24% in year one. Equity gained on principal adds $8,711/yr, and five-year appreciation sums $372,980 alongside rental yield of 4.3%. Five-year ROI measures 36.08% and total cumulative return in cash totals $157,793. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,838/mo property income versus a $6,608/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1966

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious center hall colonial in the coveted Highlands neighborhood with hardwood floors in public rooms and bedrooms. ALL FIVE generous Bedrooms are located on the second floor. Front to back family room has hardwood under carpeting. Formal dining room has built-in corner cupboards that provide great storage. The eat in kitchen leads to a small mud entry vestibule with broom closet and storage - adjacent to the two car garage. A paneled den with large bay window makes perfect first floor office. Conveniently located off of the central foyer.- is a powder room and coat closet. Lovely screened-in porch off the back of the family room provides 3 seasons of extra space to enjoy the private backyard. The two car built-in garage is on grade - not in the basement. The full basement is partially finished and has storage and laundry. This is a Quiet street ending in a dead end/cul-de-sac. PLEASE NOTE: House is sold strictly 'AS IS' including fireplace, flu and components with no known defects. House is priced to accommodate various updates & renovations to be performed at buyer's discretion and expense. Home has been lovingly maintained by the original owner. The property survey is available under documents.

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