65 E River Road #28RumsonNJ07760
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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 Rumson at 65 E River Road #28, Rumson, NJ, 07760 generates $6,368/mo in rent, after a $4,540/mo payment. Total monthly income is $6,368/mo. Return on cash invested sits at 16.74% in year one, and rental yield is 8.24% on a $927,500 entry. Equity gained on principal adds $5,985/yr, while 5% annual appreciation builds toward $256,251 over five years. Five-year ROI reaches 87.93% and total cumulative return in cash sums $268,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,368/mo property income rather than buyer’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$600 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07760, Rumson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,283 (100%) |
| Owner Occupied HU | 2,981 (69.6%) |
| Renter Occupied HU | 595 (13.9%) |
| Vacant Housing Units | 707 (16.5%) |
| Median Home Value | $1,419,553 |
| Average Home Value | $1,477,960 |
Housing Distribution
Address Breakdown
Residential
3,990
Single Family
3,950
Multi-Family
40
Businesses
331
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Listed by: Thomas J McCormack • Resources Real Estate
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22517476
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.