32 Claremont 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
Rental property for sale in Red Bank at 32 Claremont Court, Red Bank, NJ, 07701 offers $2,354/mo rent that, after a $2,814/mo payment. Total monthly income is $2,354/mo. Return on cash invested measures 5.77% in year one, and rental yield stands at 4.91% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 29.41% and total cumulative return in cash reaches $55,643. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,354/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
871.20 sqft lot
$N/A/sqft
$508 monthly HOA
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Listed by: Leonora Lacqua-Caminiti • Compass New Jersey LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22517798
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.