406 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 406 Lawrence Drive, Lanoka Harbor, NJ, 08734 priced at $470,000 converts $3,475/mo rent into $125/mo cash flow after a $2,300/mo obligation. Total monthly income equals $3,475/mo, and annual cash flow totals $1,504/yr on $155,805 invested. Return on cash invested prints 20.87% in year one, and rental yield reads 8.87% against a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation compiles into $129,852 by year five. Five-year ROI reaches 109.27% and total cumulative return in cash sums $170,253. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,475/mo property income covering a $2,300/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.26 Acres lot
$N/A/sqft
No HOA
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Listed by: Sherry H Derosa • Keller Williams Realty West Monmouth
Mls Name: MOMLS
Mls Provider:
Mls ID: #22515998
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