22 Ernest 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
Investment property for sale in Lanoka Harbor at 22 Ernest Drive, Lanoka Harbor, NJ, 08734 offers a 8.77% rental yield on a $855,000 purchase with $6,252/mo rent. Total monthly income registers $6,252/mo, and a $4,185/mo payment leaves $158/mo available for distribution. Annual cash flow reaches $1,890/yr on $281,295 to close, and return on cash invested stands at 20.73% in year one. Equity gained on principal adds $5,517/yr while 5% annual appreciation supports $236,221 over five years. Portfolio math shows five-year ROI at 108.47% and total cumulative return in cash at $305,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,252/mo property income against a $4,185/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.35 Acres lot
$N/A/sqft
No HOA
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Listed by: Ramona Bruno • Crossroads Realty Ocean Cty Regional Office
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22514796
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