123 Manor Drive #1107Red 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
Total monthly income runs $3,360/mo, and a $2,080/mo payment. Purchase price stands at $424,900, and rental yield measures 9.49% with $3,360/mo rent. Return on cash invested shows 15.79% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 84.51% and total cumulative return in cash records $119,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,360/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1948
1,306 sqft lot
$N/A/sqft
$815 monthly HOA
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Listed by: Domenick Acerra • EXP Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22527962
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