113 Lawrence DriveLanoka 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 113 Lawrence Drive, Lanoka Harbor, NJ, 08734 priced at $350,000 converts $3,215/mo rent into $720/mo cash flow after a $1,713/mo obligation. Total monthly income equals $3,215/mo, and annual cash flow totals $8,644/yr on $116,025 invested. Return on cash invested prints 27.36% in year one, and rental yield reads 11.02% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 144.05% and total cumulative return in cash sums $167,138. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,215/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1971
9,147 sqft lot
$N/A/sqft
No HOA
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Listed by: William Adesso • Childers Sotheby's Int Realty
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515352
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