606 Bowsprit Point, Lanoka Harbor, NJ, 08734 | $777/mo Cash Flow

For Sale

Listed for sale 7 days ago

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1024 sft

24 Clay Cir, Brick, NJ, 08724

2 Bed
2 Bath
1267 sft

5 Oakham Row, Manchester, NJ, 08759

2 Bed
2 Bath
1600 sft

16 Morningside Court, Lakewood, NJ, 08701

2 Bed
2 Bath
1727 sft

110 Woodside Lane, Whiting, NJ, 08759

Nearby investment properties with comparable prices

2 Bed
2 Bath
1512 sft

4 Silverside Road, Lakewood, NJ, 08701

3 Bed
1 Bath
1104 sft

1116 Fathom Ave, Manahawkin, NJ, 08050

2 Bed
2 Bath
1150 sft

52 Nautilus Drive, Brick, NJ, 08723

2 Bed
2 Bath
1364 sft

24 Selkirk Ave, Toms River, NJ, 08757

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Lanoka Harbor at 606 Bowsprit Point, Lanoka Harbor, NJ, 08734 offers $3,628/mo rent that, after a $1,958/mo payment, leaves $777/mo cash flow. Total monthly income is $3,628/mo, and annual cash flow is $9,320/yr on $132,600 cash. Return on cash invested measures 26.94% in year one, and rental yield stands at 10.88% at a $400,000 entry. Equity gained on principal adds $2,581/yr while 5% annual appreciation compounds into $110,513 by year five. Five-year ROI records 141.76% and total cumulative return in cash reaches $187,972. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,628/mo property income versus a $1,958/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1985

10,018 sqft lot

$N/A/sqft

No HOA