103 Shore DriveLong BranchNJ07740
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 Long Branch at 103 Shore Drive, Long Branch, NJ, 07740 at $524,900 posts ROI 21.02% with $138/mo cash flow from $4,302/mo rent. Total monthly income equals $4,302/mo, and annual cash flow records $1,653/yr on $172,692 to close. Return on cash invested measures 21.02% and rental yield reads 9.84% at the current $524,900. Equity gained on principal adds $3,387/yr, and 5% annual appreciation supports $145,020 by year five. Five-year ROI prints 111.06% and total cumulative return in cash totals $191,797.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,302/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1989
871.20 sqft lot
$N/A/sqft
$423 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07740, Long Branch, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,802 (100%) |
| Owner Occupied HU | 5,493 (34.8%) |
| Renter Occupied HU | 7,586 (48.0%) |
| Vacant Housing Units | 2,723 (17.2%) |
| Median Home Value | $636,006 |
| Average Home Value | $729,856 |
Housing Distribution
Address Breakdown
Residential
13,617
Single Family
10,842
Multi-Family
2,775
Businesses
917
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Listed by: Lori Saybolt • Heritage House Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22511934
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.