283 Spring Street #3ARed 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 283 Spring Street #3A, Red Bank, NJ, 07701 offers a 8.23% rental yield on a $450,000 purchase with $3,085/mo rent. 35% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 80.9% and total cumulative return in cash at $120,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,085/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1950
N/A lot
$N/A/sqft
$444 monthly HOA
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Listed by: Michelle Arege-Coffenberg • Preferred Properties Real Estate
Mls Name: MOMLS
Mls Provider:
Mls ID: #22523452
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