108 Locust AvenueRed BankNJ07701
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 Red Bank at 108 Locust Avenue, Red Bank, NJ, 07701 offers $5,603/mo rent that, after a $3,372/mo payment, leaves $361/mo cash flow. Total monthly income is $5,603/mo, and annual cash flow is $4,335/yr on $226,681 cash. Return on cash invested measures 21.97% in year one, and rental yield stands at 9.76% at a $689,000 entry. Equity gained on principal adds $4,446/yr while 5% annual appreciation compounds into $190,358 by year five. Five-year ROI records 115.76% and total cumulative return in cash reaches $262,410. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,603/mo property income versus a $3,372/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2005
1,306 sqft lot
$N/A/sqft
$331 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim L Spector • Coldwell Banker Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22514495
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.