613 Sloan CourtMatawanNJ07747
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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 613 Sloan Court, Matawan, NJ, 07747 priced at $430,000 pairs $3,352/mo rent with $17/mo cash flow after a $2,105/mo payment. Total monthly income equals $3,352/mo, and annual cash flow comes to $200/yr on $142,545 invested. Return on cash invested is 20.05% in year one, and rental yield stands at 9.35% on a $430,000 basis. Equity gained on principal adds $2,775/yr, and 5% annual appreciation accumulates to $118,801 by year five. Five-year ROI measures 105.64% and total cumulative return in cash reaches $150,591. For financing, Ziffy Mortgage’s DSCR program evaluates $3,352/mo property income against a $2,105/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2009
435.60 sqft lot
$N/A/sqft
$270 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: Ruslan Budakov • Realty One Group Central
Mls Name: MOMLS
Mls Provider:
Mls ID: #22427843
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.