Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Vernon at 2 Chamonix Drive #208, Vernon, NJ, 07462 listed at $100,000 pairs $754/mo rent with a $489/mo payment. Total monthly income runs $754/mo. Return on cash invested measures 9.8% in year one, and rental yield registers 9.05% at a $100,000 basis. Equity gained on principal adds $645/yr, and annual property appreciation at 5% supports $27,628 by year five. Five-year ROI tracks 54.09% and total cumulative return in cash totals $17,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $754/mo property income relative to a $489/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$321 monthly HOA
Neighborhood data shown for ZIP Code: 07462, Vernon, NJ area.
| 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 |
Residential
2,973
Single Family
2,973
Multi-Family
0
Businesses
286
Date | Event | Price |
|---|---|---|
| 2025-07-21 | Listed for sale | $100,000 |
| 2025-05-08 | Listing removed | $100,000 |
| 2025-03-07 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-22 | $1696.50 | 5.36% | $69,500 | 11.92% |
| 2023-07-22 | $1610.25 | 37.97% | $62,100 | 50.00% |
| 2022-07-22 | $1167.07 | -6.70% | $41,400 | 4.02% |
Listed by: Nancy Ellithy • Keller Williams Realty Central Monmouth
Mls Name: MOMLS
Mls Provider:
Mls ID: #22521701
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
