59 Main St, Peapack, NJ, 07977 | $1,448/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

59 Main St, Peapack, NJ, 07977 | $1,448/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

- Bed
10 Bath
10334 sft

26 John Ringo Rd UNIT 0, Ringoes, NJ, 08551

3 Bed
3 Bath
3500 sft

38 Larsen Rd, Ringoes, NJ, 08551

4 Bed
3 Bath
3102 sft

9 Breckenridge Ct, Belle Mead, NJ, 08502

5 Bed
3 Bath
- sft

103 Orion Way, Neshanic Station, NJ, 08853

Nearby investment properties with comparable prices

3 Bed
3 Bath
1811 sft

21 Cheyenne Trl, Branchburg, NJ, 08876

3 Bed
4 Bath
- sft

508 Keenland Ct, Branchburg, NJ, 08876

3 Bed
3 Bath
- sft

678 State Route 12, Flemington, NJ, 08822

3 Bed
3 Bath
- sft

406 Skillman Rd, Skillman, NJ, 08558

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Peapack at 59 Main St, Peapack, NJ, 07977 generates $5,718/mo in rent and, after a $2,932/mo payment, leaves $1,448/mo in cash flow. Total monthly income is $5,718/mo, and annual cash flow is $17,379/yr on $197,071 invested. Return on cash invested sits at 28.88% in year one, and rental yield is 11.46% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 152.17% and total cumulative return in cash sums $299,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,718/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to the heart of charming Peapack-Gladstone! This warm and welcoming home offers a flexible floor plan with 4"5 bedrooms and plenty of room to adapt to your lifestyle. The home was recently repainted and provides a clean slate for the next owner. The ground level features versatile rooms currently a rec room, and sitting room, and additional space. It once served as an in-law suite (no kitchen) and could be ideal for guests, a home office, or hobbies. The main level is warm and inviting, with a living room, dining room, kitchen, and a powder room. Wood floors are ready to shine and add timeless appeal, while a rear balcony porch offers a quiet spot to relax. Upstairs, you'll find two bedrooms, a bonus room perfect for a walk-in closet, and the main bath. The attic level provides two additional rooms great for bedrooms, offices, or creative space. Outside, a shed (sold as-is) adds extra storage. Lovingly enjoyed for many years, this home is ready for its next chapter in a friendly community known for its small-town charm and convenient Somerset County location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07977, Peapack, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	267 (100%)
Owner Occupied HU	183 (68.5%)
Renter Occupied HU	65 (24.3%)
Vacant Housing Units	19 ( 7.1%)
Median Home Value	$992,500
Average Home Value	$1,120,369