17 Leroy Place #3B, Red Bank, NJ, 07701 | $494/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
840 sft

2121 Shore Pkwy APT 5C, Brooklyn, NY, 11214

4 Bed
3 Bath
2156 sft

349 Paderewski Ave, Perth Amboy, NJ, 08861

2 Bed
1 Bath
1130 sft

82 Amberly Drive #D, Manalapan, NJ, 07726

1 Bed
1 Bath
900 sft

1360 Ocean Pkwy APT 4L, Brooklyn, NY, 11230

Nearby investment properties with comparable prices

1 Bed
1 Bath
734 sft

64 Center Ave, Keansburg, NJ, 07734

2 Bed
1 Bath
1130 sft

148 Amberly Drive #J, Manalapan, NJ, 07726

2 Bed
1 Bath
900 sft

2461 E 29th St APT 5G, Brooklyn, NY, 11235

2 Bed
2 Bath
1024 sft

51 Tony Court, Brick, NJ, 08724

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Red Bank at 17 Leroy Place #3B, Red Bank, NJ, 07701 offers a 10.27% rental yield on a $345,000 purchase with $2,953/mo rent. Total monthly income registers $2,953/mo, and a $1,689/mo payment leaves $494/mo available for distribution. Annual cash flow reaches $5,922/yr on $114,368 to close, and return on cash invested stands at 25.09% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 131.85% and total cumulative return in cash at $150,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,953/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1960

N/A lot

$N/A/sqft

No HOA