580 Patten Avenue UNIT 49Long 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
Rental property for sale in Long Branch at 580 Patten Avenue UNIT 49, Long Branch, NJ, 07740 generates $7,001/mo in rent and, after a $3,791/mo payment, leaves $813/mo in cash flow. Total monthly income is $7,001/mo, and annual cash flow is $9,759/yr on $254,811 invested. Return on cash invested sits at 23.89% in year one, and rental yield is 10.85% on a $774,500 entry. Equity gained on principal adds $4,998/yr, while 5% annual appreciation builds toward $213,980 over five years. Five-year ROI reaches 126.55% and total cumulative return in cash sums $322,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,001/mo property income rather than buyer’s personal income.
Townhouse
Built in 1985
0.95 Acres lot
$N/A/sqft
$667 monthly 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: Kim Kretowicz-Nitto • Weichert Realtors-Rumson
Mls Name: MOMLS
Mls Provider:
Mls ID: #22500479
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.