940 BroadwayWest Long BranchNJ07764
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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
Total monthly income runs $4,711/mo, and a $4,890/mo payment. Purchase price stands at $999,000, and rental yield measures 5.66% with $4,711/mo rent. Return on cash invested shows 11.26% in year one, and 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 57.67% and total cumulative return in cash records $189,542. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,711/mo property income covering a $4,890/mo payment rather than investor’s personal income.
Multi Family
Built in 1924
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07764, West Long Branch, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,855 (100%) |
| Owner Occupied HU | 2,013 (70.5%) |
| Renter Occupied HU | 632 (22.1%) |
| Vacant Housing Units | 210 ( 7.4%) |
| Median Home Value | $742,114 |
| Average Home Value | $833,515 |
Housing Distribution
Address Breakdown
Residential
2,735
Single Family
2,555
Multi-Family
180
Businesses
429
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Listed by: Michael Mizrahi • Weichert Realtors
Mls Name: MoreMLS
Mls ID: #22603104