30 Melrose Terrace UNIT 206Long 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
Investment property for sale in Long Branch at 30 Melrose Terrace UNIT 206, Long Branch, NJ, 07740 listed at $1,198,000 pairs $6,574/mo rent with a $5,864/mo payment. Total monthly income runs $6,574/mo. Return on cash invested measures 10.61% in year one, and rental yield registers 6.58% at a $1,198,000 basis. Equity gained on principal adds $7,731/yr, and annual property appreciation at 5% supports $330,985 by year five. Five-year ROI tracks 55.5% and total cumulative return in cash totals $215,419. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,574/mo property income relative to a $5,864/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2021
0.26 Acres lot
$N/A/sqft
$1,190 monthly 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: Leonard J Dipaolo • Coldwell Banker Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22426453
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.