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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Red Bank at 293 Spring Street UNIT 11C, Red Bank, NJ, 07701 uses $120,964 cash to close to unlock $613/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $3,047/mo, and a $1,786/mo payment keeps the spread at $51/mo. Purchase price stands at $364,900, and rental yield measures 10.02% with $3,047/mo rent. Return on cash invested shows 20.42% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 108.25% and total cumulative return in cash records $130,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,047/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
$395 monthly HOA
Date | Event | Price |
|---|---|---|
| 2025-03-27 | Listed for sale | $364,900 |
| 2025-01-23 | Listing removed | $2,600 |
| 2025-01-18 | Price change | $2,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-28 | $6568.05 | 11.95% | $347,700 | 13.26% |
| 2023-03-28 | $5866.77 | 16.37% | $307,000 | 22.21% |
| 2022-03-28 | $5041.58 | 5.76% | $251,200 | 17.88% |
What's Special
Attic
Listed by: Susan M Crowe • Heritage House Sotheby's International Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22508669
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