31 Hancock CourtRed BankNJ07701
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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 Red Bank at 31 Hancock Court, Red Bank, NJ, 07701 uses $120,169 cash to close to unlock $1,769/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $3,185/mo, and a $1,774/mo payment keeps the spread at $147/mo. Purchase price stands at $362,500, and rental yield measures 10.54% with $3,185/mo rent. Return on cash invested shows 21.38% in year one, and 5% annual appreciation builds toward $100,152 over five years. Five-year ROI reaches 113.62% and total cumulative return in cash records $136,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,185/mo property income covering a $1,774/mo payment rather than investor’s personal income.
Single Family
Built in 1980
435.60 sqft lot
$N/A/sqft
$454 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Lisa Foster • C21 Thomson & Co.
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22525305
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.