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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Manalapan at 97 Lafayette Mills Road, Manalapan, NJ, 07726 priced at $820,000 converts $5,681/mo rent into after a $4,013/mo obligation. Total monthly income equals $5,681/mo. Return on cash invested prints 19.33% in year one, and rental yield reads 8.31% against a $820,000 entry. Equity gained on principal adds $5,291/yr, while 5% annual appreciation compiles into $226,551 by year five. Five-year ROI reaches 100.97% and total cumulative return in cash sums $272,387. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,681/mo property income covering a $4,013/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07726, Englishtown, NJ area.
| 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 |
Residential
16,554
Single Family
14,650
Multi-Family
1,904
Businesses
1,332
Date | Event | Price |
|---|---|---|
| 2025-08-20 | Sold | $820,000 |
| 2025-06-12 | Pending sale | $799,900 |
| 2025-06-04 | Listed for sale | $799,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $11058.08 | 0.45% | $671,000 | 1.42% |
| 2023-10-13 | $11009.02 | 3.81% | $661,600 | 11.55% |
| 2022-10-13 | $10604.63 | 2.37% | $593,100 | 18.86% |
Listed by: Jason Gumnitz • RE/MAX Central
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22516468
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.
