187 Manor ERed 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 187 Manor E, Red Bank, NJ, 07701 offers $2,710/mo rent that, after a $1,537/mo payment, leaves $17/mo cash flow. Total monthly income is $2,710/mo, and annual cash flow is $201/yr on $104,091 cash. Return on cash invested measures 20.1% in year one, and rental yield stands at 10.36% at a $314,000 entry. Equity gained on principal adds $2,026/yr while 5% annual appreciation compounds into $86,752 by year five. Five-year ROI records 107.02% and total cumulative return in cash reaches $111,399. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,710/mo property income versus a $1,537/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
871.20 sqft lot
$N/A/sqft
$455 monthly HOA
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Listed by: Christopher Drummond • Heritage House Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22510746
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