442 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
Investment property for sale in Lanoka Harbor at 442 Bay Way, Lanoka Harbor, NJ, 08734 offers a 11.18% rental yield on a $340,000 purchase with $3,168/mo rent. Total monthly income registers $3,168/mo, and a $1,664/mo payment leaves $745/mo available for distribution. Annual cash flow reaches $8,936/yr on $112,710 to close, and return on cash invested stands at 27.84% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 146.59% and total cumulative return in cash at $165,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,168/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Eric Montes-Pacheco • Weichert Realtors-Toms River
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22515616
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