283 Spring Street #3CRed BankNJ07701
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow283 Spring Street #3C, Red Bank, NJ, 07701 in Red Bank earns a respectable 10.22% gross yield at $360,000, but after the $1,619/mo mortgage the net cash flow is $105/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.89) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $99,461 over five years, making equity the dominant return driver. Total projected return: $146,415.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $105 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,066 |
| Total Monthly Debt Service | $2,818 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1950
871.20 sqft lot
$N/A/sqft
$395 monthly HOA
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
Condo
Built in 1950
871.20 sqft lot
$N/A/sqft
$395 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mario Venancio • Berkshire Hathaway HomeServices Fox & Roach - Rumson
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22514264
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