302 Spring StreetRed BankNJ07701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $4,457/mo, and a $3,911/mo payment. Purchase price stands at $799,000, and rental yield measures 6.69% with $4,457/mo rent. Return on cash invested shows 14.41% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 74.55% and total cumulative return in cash records $195,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,457/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Single Family
Built in 1907
4,791 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary Thomson • C21 Thomson & Co.
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22517471
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.