16 Andrea DrVernonNJ07462
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Vernon at 16 Andrea Dr, Vernon, NJ, 07462 at $399,000 posts ROI 24.17% with $470/mo cash flow from $3,314/mo rent. Total monthly income equals $3,314/mo, and annual cash flow records $5,639/yr on $132,269 to close. Return on cash invested measures 24.17% and rental yield reads 9.97% at the current $399,000. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 by year five. Five-year ROI prints 126.93% and total cumulative return in cash totals $167,882.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,314/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07462, Vernon, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,484 (100%) |
| Owner Occupied HU | 2,256 (64.8%) |
| Renter Occupied HU | 731 (21.0%) |
| Vacant Housing Units | 497 (14.3%) |
| Median Home Value | $321,231 |
| Average Home Value | $329,901 |
Housing Distribution
Address Breakdown
Residential
2,973
Single Family
2,973
Multi-Family
0
Businesses
286
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Listed by: Jack Qizhan Yao • Realmart Realty
Mls Name: GSMLS
Mls ID: #3976278