14 Connecticut Court #869MatawanNJ07747
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Matawan at 14 Connecticut Court #869, Matawan, NJ, 07747 generates $2,169/mo in rent and, after a $1,224/mo payment, leaves $387/mo in cash flow. Total monthly income is $2,169/mo, and annual cash flow is $4,640/yr on $82,875 invested. Return on cash invested sits at 25.51% in year one, and rental yield is 10.41% on a $249,999 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 134.11% and total cumulative return in cash sums $111,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,169/mo property income rather than buyer’s personal income.
Multi Family
Built in 1967
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07747, Matawan, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,737 (100%) |
| Owner Occupied HU | 9,795 (71.3%) |
| Renter Occupied HU | 3,533 (25.7%) |
| Vacant Housing Units | 409 ( 3.0%) |
| Median Home Value | $546,490 |
| Average Home Value | $567,201 |
Housing Distribution
Address Breakdown
Residential
13,015
Single Family
11,555
Multi-Family
1,460
Businesses
1,077
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Listed by: Louis DeMeo • Keller Williams Realty Central Monmouth
Mls Name: MoreMLS
Mls ID: #22600443