57 Chestnut WayManalapanNJ07726
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 57 Chestnut Way, Manalapan, NJ, 07726 priced at $459,000 pairs $3,704/mo rent with $432/mo cash flow after a $2,247/mo payment. Total monthly income equals $3,704/mo, and annual cash flow comes to $5,183/yr on $152,159 invested. Return on cash invested is 23.32% in year one, and rental yield stands at 9.68% 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 122.34% and total cumulative return in cash reaches $186,143. For financing, Ziffy Mortgage’s DSCR program evaluates $3,704/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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alan Kurlander • Coldwell Banker Realty
Mls Name: MoreMLS
Mls ID: #22602208