62 Elm PlaceRed 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
Investment property for sale in Red Bank at 62 Elm Place, Red Bank, NJ, 07701 at $699,900 posts ROI 19.28% with from $4,840/mo rent. Total monthly income equals $4,840/mo. Return on cash invested measures 19.28% and rental yield reads 8.3% at the current $699,900. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 by year five. Five-year ROI prints 100.69% and total cumulative return in cash totals $231,848. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,840/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
5,100 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Kevin P Murphy • Better Homes and Gardens Real Estate Murphy & Co.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22506897
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.