23 Heron CourtManalapanNJ07726
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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
Rental property for sale in Manalapan at 23 Heron Court, Manalapan, NJ, 07726 offers $3,446/mo rent that, after a $2,325/mo payment, leaves $60/mo cash flow. Total monthly income is $3,446/mo, and annual cash flow is $722/yr on $157,463 cash. Return on cash invested measures 20.37% in year one, and rental yield stands at 8.71% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 106.55% and total cumulative return in cash reaches $167,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,446/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07726, Englishtown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,865 (100%) |
| Owner Occupied HU | 14,121 (83.7%) |
| Renter Occupied HU | 2,184 (12.9%) |
| Vacant Housing Units | 560 ( 3.3%) |
| Median Home Value | $700,020 |
| Average Home Value | $733,343 |
Housing Distribution
Address Breakdown
Residential
16,554
Single Family
14,650
Multi-Family
1,904
Businesses
1,332
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Listed by: Amanda Valenti • Keller Williams Realty Monmouth/Ocean
Mls Name: MOMLS
Mls ID: #22521444