8 Minnesota Dr APT BMatawanNJ07747
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
Investment property for sale in Matawan at 8 Minnesota Dr APT B, Matawan, NJ, 07747 at $270,000 posts ROI 29.6% with $723/mo cash flow from $2,648/mo rent. Total monthly income equals $2,648/mo, and annual cash flow records $8,676/yr on $89,505 to close. Return on cash invested measures 29.6% and rental yield reads 11.77% at the current $270,000. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 by year five. Five-year ROI prints 156.06% and total cumulative return in cash totals $139,681.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,648/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1967
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DARIN ACCETTULLI • NEXTHOME NATIONS REALTY
Mls Name: All Jersey MLS
Mls ID: #2610237R