23E Heritage DrChathamNJ07928
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
Investment Highlights
Investment property for sale in Chatham at 23E Heritage Dr, Chatham, NJ, 07928 at $440,000 posts ROI 27.6% with $935/mo cash flow from $4,072/mo rent. Total monthly income equals $4,072/mo, and annual cash flow records $11,224/yr on $145,860 to close. Return on cash invested measures 27.6% and rental yield reads 11.11% at the current $440,000. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,564 by year five. Five-year ROI prints 145.36% and total cumulative return in cash totals $212,026.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,072/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
5,662 sqft lot
$N/A/sqft
No 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
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Listed by: Mary T. Weichert • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4005240