24 Chestnut StreetFair HavenNJ07704
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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
Investment property for sale in Fair Haven at 24 Chestnut Street, Fair Haven, NJ, 07704 with 5% annual appreciation on a $1,149,000 basis while $8,498/mo rent supports operations. Total monthly income totals $8,498/mo and a $5,624/mo payment preserves $308/mo for cash returns. Annual cash flow comes to $3,695/yr on $372,276 deployed, and return on cash invested reaches 21.36% in year one. Equity gained on principal adds $7,414/yr, and five-year appreciation sums $317,448 alongside rental yield of 8.88%. Five-year ROI measures 111.79% and total cumulative return in cash totals $416,179.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,498/mo property income versus a $5,624/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1912
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07704, Fair Haven, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,089 (100%) |
| Owner Occupied HU | 1,903 (91.1%) |
| Renter Occupied HU | 109 ( 5.2%) |
| Vacant Housing Units | 77 ( 3.7%) |
| Median Home Value | $947,847 |
| Average Home Value | $1,108,271 |
Housing Distribution
Address Breakdown
Residential
2,073
Single Family
2,073
Multi-Family
0
Businesses
220
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Listed by: Katherine Raftery • NextHome Peninsula Realty Group
Mls Name: MoreMLS
Mls ID: #22528421