358 Main StreetManalapanNJ07726
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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 358 Main Street, Manalapan, NJ, 07726 priced at $399,900 converts $2,890/mo rent into $40/mo cash flow after a $1,957/mo obligation. Total monthly income equals $2,890/mo, and annual cash flow totals $479/yr on $132,567 invested. Return on cash invested prints 20.27% in year one, and rental yield reads 8.67% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 106% and total cumulative return in cash sums $140,516. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,890/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.47 Acres 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: Amy Peak Jengo • RE/MAX Elite
Mls Name: MoreMLS
Mls ID: #22600171