17 Leroy Place #1C, Red Bank, NJ, 07701 | $1,036/mo Cash Flow

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17 Leroy Place #1C, Red Bank, NJ, 07701 | $1,036/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Red Bank at 17 Leroy Place #1C, Red Bank, NJ, 07701 with 5% annual appreciation on a $369,000 basis while $3,666/mo rent supports operations. Total monthly income totals $3,666/mo and a $1,806/mo payment preserves $1,036/mo for cash returns. Annual cash flow comes to $12,431/yr on $122,324 deployed, and return on cash invested reaches 30.07% in year one. Equity gained on principal adds $2,381/yr, and five-year appreciation sums $101,948 alongside rental yield of 11.92%. Five-year ROI measures 158.56% and total cumulative return in cash totals $193,959.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,666/mo property income versus a $1,806/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

PRIME DOWNTOWN RED BANK W/ PARKING! Experience true city living down the shore, just steps from vibrant Broad Street. Newly updated kitchen and bath, open living space, and sunlit bedroom throughout, truly a rare find downtown.Located on the first floor of a charming 3 story mid-rise tudor, elevated a few feet from street level for privacy. Laundry room located on street level common room. Walk to countless restaurants, shops, theaters, and NJ Transit. Move-in ready and perfectly located for convenience and lifestyle. Enjoy Evening shows at the Count Basie, Riverside walks, movies and music at Marine Park and tons of live music and nightlife at Jamian's, Centrada, Teak and Red Rock. A pedestrian's dream for less than you would pay in rent!