283 Spring Street #3CRed 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 #3C, Red Bank, NJ, 07701 at $360,000 posts ROI 20.96% with $105/mo cash flow from $3,066/mo rent. Total monthly income equals $3,066/mo, and annual cash flow records $1,260/yr on $119,340 to close. Return on cash invested measures 20.96% and rental yield reads 10.22% at the current $360,000. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 by year five. Five-year ROI prints 111.15% and total cumulative return in cash totals $132,645.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,066/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1950
871.20 sqft lot
$N/A/sqft
$395 monthly HOA
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Listed by: Mario Venancio • Berkshire Hathaway HomeServices Fox & Roach - Rumson
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22514264
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