29 Allen StreetRumsonNJ07760
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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
Rental property for sale in Rumson at 29 Allen Street, Rumson, NJ, 07760 priced at $1,999,999 pairs $5,883/mo rent with after a $9,789/mo payment. Total monthly income equals $5,883/mo. Return on cash invested is 4.86% in year one, and rental yield stands at 3.53% on a $1,999,999 basis. Equity gained on principal adds $12,906/yr, and 5% annual appreciation accumulates to $552,563 by year five. Five-year ROI measures 23.33% and total cumulative return in cash reaches $151,195. For financing, Ziffy Mortgage’s DSCR program evaluates $5,883/mo property income against a $9,789/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07760, Rumson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,283 (100%) |
| Owner Occupied HU | 2,981 (69.6%) |
| Renter Occupied HU | 595 (13.9%) |
| Vacant Housing Units | 707 (16.5%) |
| Median Home Value | $1,419,553 |
| Average Home Value | $1,477,960 |
Housing Distribution
Address Breakdown
Residential
3,990
Single Family
3,950
Multi-Family
40
Businesses
331
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Listed by: Scott T Gilbert • O'Brien Realty, LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22523620
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.