45 Chatham SqParlinNJ08859
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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 Parlin at 45 Chatham Sq, Parlin, NJ, 08859 offers $3,133/mo rent that, after a $2,012/mo payment, leaves $203/mo cash flow. Total monthly income is $3,133/mo, and annual cash flow is $2,437/yr on $136,247 cash. Return on cash invested measures 21.7% in year one, and rental yield stands at 9.15% at a $411,000 entry. Equity gained on principal adds $2,652/yr while 5% annual appreciation compounds into $113,552 by year five. Five-year ROI records 113.7% and total cumulative return in cash reaches $154,909. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,133/mo property income versus a $2,012/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,494 (100%) |
| Owner Occupied HU | 5,514 (58.1%) |
| Renter Occupied HU | 3,570 (37.6%) |
| Vacant Housing Units | 410 ( 4.3%) |
| Median Home Value | $478,704 |
| Average Home Value | $541,004 |
Housing Distribution
Address Breakdown
Residential
9,233
Single Family
8,841
Multi-Family
392
Businesses
428
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Listed by: JOSEPH T. CHERIAN • REALTY MARK CENTRAL
Mls Name: All Jersey MLS
Mls ID: #2604278R