440 Cross Road #C-12MatawanNJ07747
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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 Matawan at 440 Cross Road #C-12, Matawan, NJ, 07747 uses $85,859 cash to close to unlock $4,963/yr annual cash flow and $414/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $1,268/mo payment keeps the spread at $414/mo. Purchase price stands at $259,000, and rental yield measures 10.47% with $2,260/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 135.09% and total cumulative return in cash records $115,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Condo
Built in 1983
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07747, Matawan, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,737 (100%) |
| Owner Occupied HU | 9,795 (71.3%) |
| Renter Occupied HU | 3,533 (25.7%) |
| Vacant Housing Units | 409 ( 3.0%) |
| Median Home Value | $546,490 |
| Average Home Value | $567,201 |
Housing Distribution
Address Breakdown
Residential
13,015
Single Family
11,555
Multi-Family
1,460
Businesses
1,077
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Listed by: David Giordano • Keller Williams Realty East Monmouth
Mls Name: MoreMLS
Mls ID: #22533770