15 Spruce Rd, Pompton Lakes, NJ, 07442 | 7% Rental Yield

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15 Spruce Rd, Pompton Lakes, NJ, 07442 | 7% Rental Yield | Ziffy

Pending

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 Pompton Lakes at 15 Spruce Rd, Pompton Lakes, NJ, 07442 priced at $699,900 pairs $4,080/mo rent with after a $3,426/mo payment. Total monthly income equals $4,080/mo. Return on cash invested is 15.32% in year one, and rental yield stands at 7% on a $699,900 basis. Equity gained on principal adds $4,516/yr, and 5% annual appreciation accumulates to $193,369 by year five. Five-year ROI measures 79.46% and total cumulative return in cash reaches $182,960. For financing, Ziffy Mortgage’s DSCR program evaluates $4,080/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1950

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 15 Spruce Street, a fully renovated luxury home in Pompton Lakes offering 5 bedrooms and 3 full bathrooms across a spacious, modern layout. The first floor boasts a stunning kitchen with quartz countertops, a large island, and premium JennAir appliances, opening to the living room, dining area, and family room perfect for entertaining. Two bedrooms and a full bath on this level provide flexibility for guests or a home office. Upstairs features three additional bedrooms and two full bathrooms, including a luxurious primary suite. Every detail has been updated, with a ductless mini-split heating and cooling system and a tankless water heater ensuring year-round comfort. Conveniently located near parks, schools, shopping, and dining, with easy access to Routes 23 and 287, this home combines style, space, and sophistication in a prime neighborhood. Move right in and experience luxury living at its finest!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07442, Pompton Lakes, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,338 (100%)
Owner Occupied HU	3,241 (74.7%)
Renter Occupied HU	937 (21.6%)
Vacant Housing Units	160 ( 3.7%)
Median Home Value	$486,150
Average Home Value	$495,896