290 N 5th AvenueLong BranchNJ07740
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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 Long Branch at 290 N 5th Avenue, Long Branch, NJ, 07740 priced at $539,900 converts $4,690/mo rent into $841/mo cash flow after a $2,643/mo obligation. Total monthly income equals $4,690/mo, and annual cash flow totals $10,095/yr on $177,627 invested. Return on cash invested prints 25.74% in year one, and rental yield reads 10.42% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 135.35% and total cumulative return in cash sums $240,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,690/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07740, Long Branch, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,802 (100%) |
| Owner Occupied HU | 5,493 (34.8%) |
| Renter Occupied HU | 7,586 (48.0%) |
| Vacant Housing Units | 2,723 (17.2%) |
| Median Home Value | $636,006 |
| Average Home Value | $729,856 |
Housing Distribution
Address Breakdown
Residential
13,617
Single Family
10,842
Multi-Family
2,775
Businesses
917
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Listed by: Richard Shirvanian • EXIT Realty East Coast Shirvanian
Mls Name: MOMLS
Mls Provider:
Mls ID: #22428292
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.