62 Washington StreetRed BankNJ07701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Red Bank at 62 Washington Street, Red Bank, NJ, 07701 offers $4,055/mo rent that, after a $2,447/mo payment, leaves $492/mo cash flow. Total monthly income is $4,055/mo, and annual cash flow is $5,899/yr on $165,717 cash. Return on cash invested measures 23.47% in year one, and rental yield stands at 9.73% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 123.17% and total cumulative return in cash reaches $204,108. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,055/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
4,791 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Christine Morford • Berkshire Hathaway HomeServices Fox & Roach - Rumson
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515389
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