24 South StreetLanoka 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 24 South Street, Lanoka Harbor, NJ, 08734 priced at $599,000 pairs $4,484/mo rent with $214/mo cash flow after a $2,932/mo payment. Total monthly income equals $4,484/mo, and annual cash flow comes to $2,571/yr on $197,071 invested. Return on cash invested is 21.36% in year one, and rental yield stands at 8.98% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 111.86% and total cumulative return in cash reaches $220,450. For financing, Ziffy Mortgage’s DSCR program evaluates $4,484/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
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Listed by: Qizhan Yao • Realmart Realty LLC.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22426125
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.