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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Long Branch at 20 Cordelia Court, Long Branch, NJ, 07740 listed at $1,785,000 pairs $6,407/mo rent with a $8,737/mo payment. Total monthly income runs $6,407/mo. Return on cash invested measures 6.25% in year one, and rental yield registers 4.31% at a $1,785,000 basis. Equity gained on principal adds $11,518/yr, and annual property appreciation at 5% supports $493,163 by year five. Five-year ROI tracks 31.14% and total cumulative return in cash totals $180,102. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,407/mo property income relative to a $8,737/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2017
N/A lot
$N/A/sqft
$487 monthly HOA
Neighborhood data shown for ZIP Code: 07740, Long Branch, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,802 (100%) |
| Owner Occupied HU | 5,493 (34.8%) |
| Renter Occupied HU | 7,586 (48.0%) |
| Vacant Housing Units | 2,723 (17.2%) |
| Median Home Value | $636,006 |
| Average Home Value | $729,856 |
Residential
13,617
Single Family
10,842
Multi-Family
2,775
Businesses
917
Date | Event | Price |
|---|---|---|
| 2024-12-06 | Listed for sale | $1,785,000 |
| 2022-04-14 | Sold | $1,585,000 |
| 2022-02-08 | Pending sale | $1,500,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $24221.58 | 3.26% | $1,575,900 | 4.34% |
| 2023-01-28 | $23456.51 | 19.05% | $1,510,400 | 37.45% |
| 2022-01-28 | $19703.28 | 1.48% | $1,098,900 | 13.25% |
Listed by: Chris Katz • Douglas Elliman of NJ LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22434480
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
