203 Mechanic StreetRed 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
Investment property for sale in Red Bank at 203 Mechanic Street, Red Bank, NJ, 07701 at $949,900 posts ROI 13.3% with from $5,010/mo rent. Total monthly income equals $5,010/mo. Return on cash invested measures 13.3% and rental yield reads 6.33% at the current $949,900. Equity gained on principal adds $6,130/yr, and 5% annual appreciation supports $262,440 by year five. Five-year ROI prints 68.61% and total cumulative return in cash totals $214,422. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,010/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
5,000 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Joan Penta Mccoy • Berkshire Hathaway HomeServices Fox & Roach - Rumson
Mls Name: MOMLS
Mls Provider:
Mls ID: #22428182
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