167 Penn Court #124MatawanNJ07747
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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
Investment property for sale in Matawan at 167 Penn Court #124, Matawan, NJ, 07747 earns $86/mo cash flow from $3,150/mo rent with a $1,762/mo payment. Total monthly income totals $3,150/mo, and annual cash flow totals $1,032/yr on $119,340 capital. ROI tracks 20.77% on current figures, and rental yield reads 10.5% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 110.51% and total cumulative return in cash sums $131,877. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,150/mo property income instead of your personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$498 monthly 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: Gianni Agosta • Agosta Realty Group LLC
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22524310
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.