61 Tower Hill Drive #708, Red Bank, NJ, 07701 | 8.46% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Red Bank at 61 Tower Hill Drive #708, Red Bank, NJ, 07701 listed at $450,000 pairs $3,172/mo rent with a $2,203/mo payment. Total monthly income runs $3,172/mo. Return on cash invested measures 19.62% in year one, and rental yield registers 8.46% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 102.51% and total cumulative return in cash totals $152,922. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,172/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1987

1,306 sqft lot

$N/A/sqft

No HOA