406 Drew Avenue, Lanoka Harbor, NJ, 08734 | 8.32% Rental Yield

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

Investment property for sale in Lanoka Harbor at 406 Drew Avenue, Lanoka Harbor, NJ, 08734 offers a 8.32% rental yield on a $315,000 purchase with $2,184/mo rent. 2% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 100.29% and total cumulative return in cash at $104,729. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,184/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1950

7,405 sqft lot

$N/A/sqft

No HOA