689 Lake Barnegat Drive N,Lanoka Harbor,NJ,08734

Investment Highlights

Investment property for sale in Lanoka Harbor at 689 Lake Barnegat Drive N, Lanoka Harbor, NJ, 08734 listed at $709,000 pairs $5,060/mo rent with a $3,470/mo payment to leave $7/mo cash flow. Total monthly income runs $5,060/mo, and annual cash flow reaches $79/yr on $233,261 cash to close. Return on cash invested measures 20.09% in year one, and rental yield registers 8.56% at a $709,000 basis. Equity gained on principal adds $4,575/yr, and annual property appreciation at 5% supports $195,884 by year five. Five-year ROI tracks 105.04% and total cumulative return in cash totals $245,013. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,060/mo property income relative to a $3,470/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).