116 Manor DriveRed BankNJ07701
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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
Investment property for sale in Red Bank at 116 Manor Drive, Red Bank, NJ, 07701 at $450,000 posts ROI 15.47% with from $3,472/mo rent. Total monthly income equals $3,472/mo. Return on cash invested measures 15.47% and rental yield reads 9.26% at the current $450,000. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 by year five. Five-year ROI prints 82.63% and total cumulative return in cash totals $123,258. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,472/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1948
N/A lot
$N/A/sqft
$816 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Michelle Arege-Coffenberg • Preferred Properties Real Estate
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515301
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