156 Cross Slope Court UNIT FManalapanNJ07726
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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
Rental property for sale in Manalapan at 156 Cross Slope Court UNIT F, Manalapan, NJ, 07726 priced at $297,000 converts $2,641/mo rent into $188/mo cash flow after a $1,454/mo obligation. Total monthly income equals $2,641/mo, and annual cash flow totals $2,252/yr on $98,456 invested. Return on cash invested prints 22.2% in year one, and rental yield reads 10.67% against a $297,000 entry. Equity gained on principal adds $1,916/yr, while 5% annual appreciation compiles into $82,056 by year five. Five-year ROI reaches 117.83% and total cumulative return in cash sums $116,010. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,641/mo property income covering a $1,454/mo payment, not borrower’s personal income.
Single Family
Built in 1979
1,306 sqft lot
$N/A/sqft
$336 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07726, Englishtown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,865 (100%) |
| Owner Occupied HU | 14,121 (83.7%) |
| Renter Occupied HU | 2,184 (12.9%) |
| Vacant Housing Units | 560 ( 3.3%) |
| Median Home Value | $700,020 |
| Average Home Value | $733,343 |
Housing Distribution
Address Breakdown
Residential
16,554
Single Family
14,650
Multi-Family
1,904
Businesses
1,332
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Listed by: Leon Burach • Weichert Realtors-Manalapan
Mls Name: MOMLS
Mls Provider:
Mls ID: #22508092
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.