17 Leroy Place #2BRed 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 17 Leroy Place #2B, Red Bank, NJ, 07701 generates $2,200/mo in rent, after a $1,512/mo payment. Total monthly income is $2,200/mo. Return on cash invested sits at 19.88% in year one, and rental yield is 8.54% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 103.94% and total cumulative return in cash sums $106,469. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,200/mo property income rather than buyer’s personal income.
Condo
Built in 1960
435.60 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emilee Jackson • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22534724