







A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Chatham at 24 N Summit Ave, Chatham, NJ, 07928 generates $5,160/mo in rent, after a $9,050/mo payment. Total monthly income is $5,160/mo. Return on cash invested sits at 4.31% in year one, and rental yield is 3.35% on a $1,849,000 entry. Equity gained on principal adds $11,931/yr, while 5% annual appreciation builds toward $510,845 over five years. Five-year ROI reaches 20.34% and total cumulative return in cash sums $121,823. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,160/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07928, Chatham, NJ area.
| 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 |
Residential
7,273
Single Family
6,670
Multi-Family
603
Businesses
571
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Amy Ball • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3984718