63 Maida TerraceRed 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 63 Maida Terrace, Red Bank, NJ, 07701 offers a 8.78% rental yield on a $832,000 purchase with $6,085/mo rent. Total monthly income registers $6,085/mo, and a $4,072/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,858/yr on $273,728 to close, and return on cash invested stands at 20.74% in year one. Equity gained on principal adds $5,369/yr while 5% annual appreciation supports $229,866 over five years. Portfolio math shows five-year ROI at 108.5% and total cumulative return in cash at $296,986. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,085/mo property income against a $4,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Susan Hogan • Heritage House Sotheby's International Realty
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22514647
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