665 2nd Avenue #202, Long Branch, NJ, 07740 | 3.81% Rental Yield

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665 2nd Avenue #202, Long Branch, NJ, 07740 | 3.81% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Long Branch at 665 2nd Avenue #202, Long Branch, NJ, 07740 generates $2,632/mo in rent, after a $4,062/mo payment. Total monthly income is $2,632/mo. Return on cash invested sits at 5.63% in year one, and rental yield is 3.81% on a $830,000 entry. Equity gained on principal adds $5,356/yr, while 5% annual appreciation builds toward $229,314 over five years. Five-year ROI reaches 27.48% and total cumulative return in cash sums $75,042. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,632/mo property income rather than buyer’s personal income.

Condo

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to The Inkwell Lofts, a boutique new collection of one- and two-bedroom homes just moments from the Long Branch shoreline. Residence 202 is thoughtfully designed 1-bedroom + den, 1.5-bathroom home with 821 sq ft of open concept living space. The Kitchen is outfitted with high-end stainless-steel appliances, quartz countertops, matching backsplash, and center island that flows seamlessly into the living and dining area. Step onto your 63 sf ft private terrace through premium Anderson A-series sliding doors. Throughout the home you will find recessed lighting and 7 inch engineered European Oak hardwood blending modern luxury with coastal charm. The bedroom has two large closets and floor to ceiling windows. Bathrooms are elegantly appointed with quartz-topped vanities bronze champagne fixtures, and full tile surrounds creating a spa-like experience. The Den is perfect for an office or additional hangout space. Enjoy the ease of in-unit Washer/Dryer and year-round comfort from the premium HVAC system. Residents of The Inkwell Lofts enjoy exclusive access to a rooftop retreat complete with an outdoor kitchen and breathtaking water views. Located one block from Ocean Avenue and the beach. Stroll down Brighton Ave. for the best restaurants and shops. Only a few minute drive from the Long Branch train station makes easy access to New York City. Inkwell lofts puts you at the center of it all while still maintaining the charm of private living. With only 22 residences in this exclusive community, The Inkwell Lofts offers a rare opportunity to own a slice of the Jersey Shore's most desirable neighborhood. Anticipated completion expected winter 2025.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07740, Long Branch, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,802 (100%)
Owner Occupied HU	5,493 (34.8%)
Renter Occupied HU	7,586 (48.0%)
Vacant Housing Units	2,723 (17.2%)
Median Home Value	$636,006
Average Home Value	$729,856