242 Westwood AvenueLong BranchNJ07740
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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 Long Branch at 242 Westwood Avenue, Long Branch, NJ, 07740 priced at $799,000 converts $4,855/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,855/mo. Return on cash invested prints 16.22% in year one, and rental yield reads 7.29% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 84.29% and total cumulative return in cash sums $221,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,855/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 1915
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07740, Long Branch, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,617
Single Family
10,842
Multi-Family
2,775
Businesses
917
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Listed by: Roberto Muolo • A Mancini Realty
Mls Name: MoreMLS
Mls ID: #22513658