169 Watchung Ave, Chatham, NJ, 07928 | $558/mo Cash Flow

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169 Watchung Ave, Chatham, NJ, 07928 | $558/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Chatham at 169 Watchung Ave, Chatham, NJ, 07928 listed at $799,000 pairs $6,253/mo rent with a $3,911/mo payment to leave $558/mo cash flow. Total monthly income runs $6,253/mo, and annual cash flow reaches $6,691/yr on $262,871 cash to close. Return on cash invested measures 22.61% in year one, and rental yield registers 9.39% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 118.51% and total cumulative return in cash totals $311,526. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,253/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1929

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! This Classic Chatham Charmer is located in the heart of Chatham Boro convenient to all schools K-12, the NJ Transit train station (with service to midtown Manhattan) and downtown shops and restaurants. The front foyer leads into the large living room with a decorative fireplace nook. The spacious dining room flows into the eat in kitchen. A large family room with three sides of windows, a vaulted ceiling with access to a deck and the private level backyard is filled with natural light throughout the day. A powder room completes the first floor. The second floor has 3 bedrooms, a renovated full bathroom with a tub/shower and a large storage closet. The lower level includes a rec room, the utilities and laundry. New water mainline from the street to the house 2023. Hot water heater 2021. The exterior of the house was completely restuccoed in 2015. There is a 2 car detached garage in the rear of the property (new roof 2025). The yard is private with mature trees and plantings that flower. Chatham Schools are highly rated. This property is about 20 minutes to Newark Airport and close to many major highways. This home is a Must See!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07928, Chatham, NJ area.

Housing Distribution

Housing Statistics

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