602 Drew Ave, Lanoka Harbor, NJ, 08734 | $1,176/mo Cash Flow

For Sale

Listed for sale 5 days ago

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 602 Drew Ave, Lanoka Harbor, NJ, 08734 listed at $410,000 pairs $4,099/mo rent with a $2,007/mo payment to leave $1,176/mo cash flow. Total monthly income runs $4,099/mo, and annual cash flow reaches $14,116/yr on $135,915 cash to close. Return on cash invested measures 30.29% in year one, and rental yield registers 12% at a $410,000 basis. Equity gained on principal adds $2,646/yr, and annual property appreciation at 5% supports $113,275 by year five. Five-year ROI tracks 159.79% and total cumulative return in cash totals $217,175. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,099/mo property income relative to a $2,007/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1990

10,001 sqft lot

$N/A/sqft

No HOA