2 Alta Ct UNIT 2VernonNJ07462
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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
Investment Highlights
Investment property for sale in Vernon at 2 Alta Ct UNIT 2, Vernon, NJ, 07462 at $219,900 posts ROI 12.38% with from $1,475/mo rent. Total monthly income equals $1,475/mo. Return on cash invested measures 12.38% and rental yield reads 8.05% at the current $219,900. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 by year five. Five-year ROI prints 65.9% and total cumulative return in cash totals $48,040. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,475/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in N/A
N/A lot
$N/A/sqft
$365 monthly 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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Nearby investment properties with comparable prices
Listed by: Adrianne Smith-Arroyo • Better Homes & Gardens Real Estate Green Team
Mls Name: NJMLS
Mls Provider:
Mls ID: #25012095
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-04-16 08:02:30 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.