23D Heritage Dr UNIT DChathamNJ07928
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 23D Heritage Dr UNIT D, Chatham, NJ, 07928 in Chatham. Priced at $420,000, it generates $4,169/mo in gross rent and $721/mo in net monthly cash flow, a 11.91% yield that comfortably supports the 2.21 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $8,653. Five-year appreciation: $116,038. Equity from principal paydown: $3,868/yr. Total projected cumulative return: $209,329.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.2% |
| Monthly Cash Flow | $721 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,169 |
| Total Monthly Debt Service | $3,281 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
5,662 sqft lot
$N/A/sqft
$454 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,670
Multi-Family
603
Businesses
571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1979
5,662 sqft lot
$N/A/sqft
$454 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,670
Multi-Family
603
Businesses
571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy High • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3953853
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