40 University DriveLong 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 40 University Drive, Long Branch, NJ, 07740 with 5% annual appreciation on a $450,000 basis while $2,805/mo rent supports operations. 67% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 7.48%. Five-year ROI measures 86.68% and total cumulative return in cash totals $129,306. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,805/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2012
1,742 sqft 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: Vincent Hennessey • Coldwell Banker Realty
Mls Name: MoreMLS
Mls ID: #22527043