238 Shoreland Circle, Laurence Harbor, NJ, 08879 | 5.2% Rental Yield

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238 Shoreland Circle, Laurence Harbor, NJ, 08879 | 5.2% 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 Laurence Harbor at 238 Shoreland Circle, Laurence Harbor, NJ, 08879 priced at $799,000 pairs $3,460/mo rent with after a $3,911/mo payment. Total monthly income equals $3,460/mo. Return on cash invested is 9.86% in year one, and rental yield stands at 5.2% on a $799,000 basis. Equity gained on principal adds $5,156/yr, and 5% annual appreciation accumulates to $220,749 by year five. Five-year ROI measures 50.13% and total cumulative return in cash reaches $131,790. For financing, Ziffy Mortgage’s DSCR program evaluates $3,460/mo property income against a $3,911/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1940

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Experience breathtaking, unobstructed views of the Raritan Bay in this meticulously maintained side-by-side duplex. Picture yourself enjoying sunrise over Sandy Hook from the private primary bedroom balcony, or dining in your full-length enclosed porch as city lights shimmer across the water each evening. Enjoy morning coffee or entertain friends with panoramic bay vistas and direct boardwalk accesstruly waterfront living at its finest. Set at the perfect elevation above Old Bridge Waterfront Park, flood insurance is not a worry. Pride of ownership shines throughout: cherry hardwood floors add warmth, while recent upgrades include a brand-new roof (2024), newly rebuilt front porch (2025), climate-controlled enclosed porch, updated half bath fixtures, new dishwasher and microwave , , custom blinds, new lighting, screen doors, and a spacious wraparound deck for outdoor living. The duplex is flexible: rent both units for investment income, or live in one while leasing the other. One unit features three bedrooms and one and a half bathrooms; the second offers two bedrooms and two full bathrooms. Each side enjoys private utilities for convenience and cost control. Currently, one unit is owner-occupied, with the other tenant-occupied. Commuter-friendly locationclose to major highways, NJ Transit bus routes, and just a short ride to the Jersey Shore. Discover the rare combination of serene waterfront lifestyle and unbeatable accessibility. Schedule your visit today and make this exceptional coastal duplex your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 08879, South Amboy, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,470 (100%)
Owner Occupied HU	5,998 (57.3%)
Renter Occupied HU	4,130 (39.4%)
Vacant Housing Units	342 ( 3.3%)
Median Home Value	$445,825
Average Home Value	$492,152