16 Chestnut DriveColts NeckNJ07722
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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 Colts Neck at 16 Chestnut Drive, Colts Neck, NJ, 07722 generates $5,359/mo in rent, after a $6,813/mo payment. Total monthly income is $5,359/mo. Return on cash invested sits at 8.23% in year one, and rental yield is 4.62% on a $1,392,000 entry. Equity gained on principal adds $8,982/yr, while 5% annual appreciation builds toward $384,584 over five years. Five-year ROI reaches 41.38% and total cumulative return in cash sums $186,640. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,359/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07722, Colts Neck, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,525 (100%) |
| Owner Occupied HU | 3,103 (88.0%) |
| Renter Occupied HU | 274 ( 7.8%) |
| Vacant Housing Units | 148 ( 4.2%) |
| Median Home Value | $966,924 |
| Average Home Value | $1,135,715 |
Housing Distribution
Address Breakdown
Residential
3,511
Single Family
3,511
Multi-Family
0
Businesses
441
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Listed by: Pascale Coppola • Heritage House Sotheby's International Realty
Mls Name: MOMLS
Mls ID: #22519000