16 Manchester CourtRed 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
Rental property for sale in Red Bank at 16 Manchester Court, Red Bank, NJ, 07701 priced at $285,000 converts $2,737/mo rent into $252/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,737/mo, and annual cash flow totals $3,018/yr on $94,478 invested. Return on cash invested prints 23.1% in year one, and rental yield reads 11.52% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 123.33% and total cumulative return in cash sums $116,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,737/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1979
435.60 sqft lot
$N/A/sqft
$454 monthly HOA
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Listed by: Karen Kwolek • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22504162
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