64 Roosevelt Circle ERed 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
Rental property for sale in Red Bank at 64 Roosevelt Circle E, Red Bank, NJ, 07701 priced at $850,000 converts $6,248/mo rent into $190/mo cash flow after a $4,160/mo obligation. Total monthly income equals $6,248/mo, and annual cash flow totals $2,276/yr on $279,650 invested. Return on cash invested prints 20.87% in year one, and rental yield reads 8.82% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 109.22% and total cumulative return in cash sums $305,446. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,248/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
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Listed by: Gabrielle Cangelosi • Douglas Elliman of NJ LLC
Mls Name: MOMLS
Mls Provider:
Mls ID: #22513176
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