







No similar rental properties found nearby.

A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Chatham at 16 Summit Ave, Chatham, NJ, 07928 generates $0/mo in rent, after a $3,911/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -5.94% in year one, and rental yield is 0% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1800
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07928, Chatham, NJ area.
| 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 |
Residential
7,273
Single Family
6,670
Multi-Family
603
Businesses
571
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Listed for sale | $799,000 |
| 1999-06-02 | Sold | $267,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $9940.94 | -14.50% | $639,700 | 20.11% |
| 2022-11-12 | $11626.66 | 2.15% | $532,600 | N/A |
| 2021-11-12 | $11381.66 | 1.57% | $532,600 | N/A |
No similar rental properties found nearby.



Listed by: A Michael Del Duca • Bhhs Fox & Roach
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929147
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