16 Chestnut StSouth RiverNJ08882
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 South River at 16 Chestnut St, South River, NJ, 08882 priced at $539,900 pairs $3,632/mo rent with after a $2,643/mo payment. Total monthly income equals $3,632/mo. Return on cash invested is 18.6% in year one, and rental yield stands at 8.07% on a $539,900 basis. Equity gained on principal adds $3,484/yr, and 5% annual appreciation accumulates to $149,164 by year five. Five-year ROI measures 97.03% and total cumulative return in cash reaches $172,351. For financing, Ziffy Mortgage’s DSCR program evaluates $3,632/mo property income against a $2,643/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1916
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08882, South River, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,913 (100%) |
| Owner Occupied HU | 3,666 (62.0%) |
| Renter Occupied HU | 2,002 (33.9%) |
| Vacant Housing Units | 245 ( 4.1%) |
| Median Home Value | $489,055 |
| Average Home Value | $507,833 |
Housing Distribution
Address Breakdown
Residential
5,632
Single Family
5,387
Multi-Family
245
Businesses
451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MICHAEL MATTHEWS • ORANGE KEY REALTY, INC.
Mls Name: All Jersey MLS
Mls ID: #2608996R