2 Maine Ct APT B, Matawan, NJ, 07747 | $35/mo Cash Flow

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2 Maine Ct APT B, Matawan, NJ, 07747 | $35/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 Matawan at 2 Maine Ct APT B, Matawan, NJ, 07747 offers a 8.69% rental yield on a $315,000 purchase with $2,280/mo rent. Total monthly income registers $2,280/mo, and a $1,542/mo payment leaves $35/mo available for distribution. Annual cash flow reaches $414/yr on $104,423 to close, and return on cash invested stands at 20.31% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 106.21% and total cumulative return in cash at $110,909. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,280/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1967

N/A lot

$N/A/sqft

No HOA

More details about the property

Lovely 1ST FLOOR END UNIT condo in desired Cheesequake Village hits the market and is move in ready! Bright, airy with an open flow, home offers 2 bedrooms and a full good-sized bathroom. Primary bedroom is spacious with 2 wall to wall double closets. Second bedroom is open and wide. Large living room boasts lots of natural sunlight and wall space for all your furniture needs. Formal dining room is off the kitchen and living room for a nice open flow. Full kitchen is pretty and updated with stainless appliances, gas stove. BONUS is the unique year-round sunroom/sitting room/office (you choose) with a door to backyard and pretty garden! Find wood floors throughout, wood six panel doors, ceiling fan, big coat closet and an additional linen/storage closet. Amenities: Pool, Rec Room, Bussing. Close to shops, dining, Cheesequake State Park, Routes 9 and 34, Garden State Parkway. Very convenient location to so much.

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