23 Sherman AvenueWest Long BranchNJ07764
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
Investment property for sale in West Long Branch at 23 Sherman Avenue, West Long Branch, NJ, 07764 at $650,000 posts ROI 21.97% with $340/mo cash flow from $4,973/mo rent. Total monthly income equals $4,973/mo, and annual cash flow records $4,084/yr on $213,850 to close. Return on cash invested measures 21.97% and rental yield reads 9.18% at the current $650,000. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 by year five. Five-year ROI prints 115.11% and total cumulative return in cash totals $246,170.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,973/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07764, West Long Branch, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,013 (70.5%) |
| Renter Occupied HU | 632 (22.1%) |
| Vacant Housing Units | 210 ( 7.4%) |
| Median Home Value | $742,114 |
| Average Home Value | $833,515 |
Housing Distribution
Address Breakdown
Residential
2,735
Single Family
2,555
Multi-Family
180
Businesses
429
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Listed by: Tristin Fleck • RE/MAX Gateway
Mls Name: MOMLS
Mls Provider:
Mls ID: #22518843
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.