56 W Aspen WayMatawanNJ07747
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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 Matawan at 56 W Aspen Way, Matawan, NJ, 07747 priced at $489,000 pairs $4,499/mo rent with $419/mo cash flow after a $2,393/mo payment. Total monthly income equals $4,499/mo, and annual cash flow comes to $5,027/yr on $162,104 invested. Return on cash invested is 23.01% in year one, and rental yield stands at 11.04% on a $489,000 basis. Equity gained on principal adds $3,155/yr, and 5% annual appreciation accumulates to $135,102 by year five. Five-year ROI measures 122.28% and total cumulative return in cash reaches $198,226. For financing, Ziffy Mortgage’s DSCR program evaluates $4,499/mo property income against a $2,393/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
$595 monthly 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: Diana Schad-Epstein • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22519078
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.