364 Westwood Avenue #21Long 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 364 Westwood Avenue #21, Long Branch, NJ, 07740 offers a 10.13% rental yield on a $289,900 purchase with $2,448/mo rent. Total monthly income registers $2,448/mo, and a $1,419/mo payment leaves $382/mo available for distribution. Annual cash flow reaches $4,579/yr on $96,102 to close, and return on cash invested stands at 24.67% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 129.63% and total cumulative return in cash at $124,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,448/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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: Luciana Dias Lourenco • EXIT Realty East Coast Shirvanian
Mls Name: MoreMLS
Mls ID: #22533326