264 Norwood 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
Rental property for sale in West Long Branch at 264 Norwood Avenue, West Long Branch, NJ, 07764 priced at $969,000 pairs $3,790/mo rent with after a $4,743/mo payment. Total monthly income equals $3,790/mo. Return on cash invested is 8.33% in year one, and rental yield stands at 4.69% on a $969,000 basis. Equity gained on principal adds $6,253/yr, and 5% annual appreciation accumulates to $267,717 by year five. Five-year ROI measures 41.94% and total cumulative return in cash reaches $133,695. For financing, Ziffy Mortgage’s DSCR program evaluates $3,790/mo property income against a $4,743/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1912
0.35 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Esther Silvera • Silvera Realty Co.
Mls Name: MoreMLS
Mls ID: #22600159