5G Terrace DrChathamNJ07928
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 Chatham at 5G Terrace Dr, Chatham, NJ, 07928 priced at $170,777 converts $1,342/mo rent into $125/mo cash flow after a $836/mo obligation. Total monthly income equals $1,342/mo, and annual cash flow totals $1,495/yr on $56,613 invested. Return on cash invested prints 22.55% in year one, and rental yield reads 9.43% against a $170,777 entry. Equity gained on principal adds $1,102/yr, while 5% annual appreciation compiles into $47,183 by year five. Five-year ROI reaches 118.28% and total cumulative return in cash sums $66,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,342/mo property income covering a $836/mo payment, not borrower’s personal income.
Condo
Built in 1986
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07928, Chatham, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,409 (100%) |
| Owner Occupied HU | 5,792 (78.2%) |
| Renter Occupied HU | 1,251 (16.9%) |
| Vacant Housing Units | 366 ( 4.9%) |
| Median Home Value | $1,054,078 |
| Average Home Value | $1,149,573 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,670
Multi-Family
603
Businesses
571
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph G. Menza • Menza Realty
Mls Name: GSMLS
Mls ID: #4002589