28 Riverside Avenue UNIT 10 FRed 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 28 Riverside Avenue UNIT 10 F, Red Bank, NJ, 07701 listed at $415,000 pairs $3,298/mo rent with a $2,031/mo payment. Total monthly income runs $3,298/mo. Return on cash invested measures 10.09% in year one, and rental yield registers 9.54% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 56.08% and total cumulative return in cash totals $77,145. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,298/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1968
N/A lot
$N/A/sqft
$1,466 monthly HOA
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Listed by: Sherri Bender • Preferred Properties Real Estate
Mls Name: MOMLS
Mls Provider:
Mls ID: #22430915
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