689 Colgate Avenue, Lanoka Harbor, NJ, 08734 | 8.35% Rental Yield

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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

Rental property for sale in Lanoka Harbor at 689 Colgate Avenue, Lanoka Harbor, NJ, 08734 priced at $769,900 converts $5,358/mo rent into after a $3,768/mo obligation. Total monthly income equals $5,358/mo. Return on cash invested prints 19.45% in year one, and rental yield reads 8.35% against a $769,900 entry. Equity gained on principal adds $4,968/yr, while 5% annual appreciation compiles into $212,709 by year five. Five-year ROI reaches 101.58% and total cumulative return in cash sums $257,293. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,358/mo property income covering a $3,768/mo payment, not borrower’s personal income.

Single Family

Built in 2002

0.34 Acres lot

$N/A/sqft

No HOA