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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Red Bank at 28 Riverside Avenue UNIT 10G, Red Bank, NJ, 07701 generates $4,664/mo in rent, after a $2,442/mo payment. Total monthly income is $4,664/mo. Return on cash invested sits at 14.52% in year one, and rental yield is 11.22% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 80.02% and total cumulative return in cash sums $132,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,664/mo property income rather than buyer’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
$1,851 monthly HOA
Date | Event | Price |
|---|---|---|
| 2024-12-21 | Price change | $499,000 |
| 2024-11-14 | Price change | $549,900 |
| 2024-10-29 | Listed for sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ellen Gazzola • Berkshire Hathaway HomeServices Fox & Roach - Rumson
Mls Name: MOMLS
Mls Provider:
Mls ID: #22430783
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.
