410 Bay WayLanoka 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 410 Bay Way, Lanoka Harbor, NJ, 08734 offers $2,234/mo rent that, after a $1,174/mo payment, leaves $524/mo cash flow. Total monthly income is $2,234/mo, and annual cash flow is $6,291/yr on $79,527 cash. Return on cash invested measures 27.82% in year one, and rental yield stands at 11.17% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 146.54% and total cumulative return in cash reaches $116,539. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,234/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
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Listed by: Carissa M Lavecchia • RE/MAX at Barnegat Bay
Mls Name: MOMLS
Mls Provider:
Mls ID: #22511989
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