57 Chestnut Way, Manalapan, NJ, 07726 | $405/mo Cash Flow

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57 Chestnut Way, Manalapan, NJ, 07726 | $405/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Manalapan at 57 Chestnut Way, Manalapan, NJ, 07726 priced at $459,000 pairs $3,677/mo rent with $405/mo cash flow after a $2,247/mo payment. Total monthly income equals $3,677/mo, and annual cash flow comes to $4,859/yr on $152,159 invested. Return on cash invested is 23.1% in year one, and rental yield stands at 9.61% on a $459,000 basis. Equity gained on principal adds $2,962/yr, and 5% annual appreciation accumulates to $126,813 by year five. Five-year ROI measures 121.19% and total cumulative return in cash reaches $184,403. For financing, Ziffy Mortgage’s DSCR program evaluates $3,677/mo property income against a $2,247/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Highly desirable community of Oak Knolls in Manalapan Township. This beautiful townhouse features two levels. Level 1 has a eat in kitchen with newer appliances which leads into a graceful dining room and living room. The living room features a vaulted ceiling, skylights, recessed lighting and a sliding door which provides access to a beautiful deck with wooded views. Also on level 1 a cozy half bathroom can be found along with a laundry closet with washer and dryer. Level 2 features two beautiful bedrooms with closets for storage and two full bathrooms. Near Schools, Transportation, Shopping and Restaurants. Amenities include community pool, tennis courts/pickleball court, basketball court and clubhouse.

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