18 Main StNetcongNJ07857
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 Netcong at 18 Main St, Netcong, NJ, 07857 offers a 7.51% rental yield on a $639,900 purchase with $4,004/mo rent. 88% in year one. Equity gained on principal adds $4,129/yr while 5% annual appreciation supports $176,793 over five years. Portfolio math shows five-year ROI at 87.82% and total cumulative return in cash at $184,895. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,004/mo property income against a $3,132/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07857, Netcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,661 (100%) |
| Owner Occupied HU | 767 (46.2%) |
| Renter Occupied HU | 840 (50.6%) |
| Vacant Housing Units | 54 ( 3.3%) |
| Median Home Value | $363,695 |
| Average Home Value | $416,069 |
Housing Distribution
Address Breakdown
Residential
1,637
Single Family
1,511
Multi-Family
126
Businesses
135
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Listed by: Ilene Horowitz • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3951719
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