1006 Painter PointLanoka HarborNJ08734
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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 Lanoka Harbor at 1006 Painter Point, Lanoka Harbor, NJ, 08734 generates $3,179/mo in rent, after a $2,643/mo payment. Total monthly income is $3,179/mo. Return on cash invested sits at 15.54% in year one, and rental yield is 7.07% on a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,164 over five years. Five-year ROI reaches 80.61% and total cumulative return in cash sums $143,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,179/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
8,276 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Mary Donnelly • Keller Williams Preferred Properties,Bayville
Mls Name: MoreMLS
Mls ID: #22532057