2 Jager CtHopatcongNJ07843
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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 Hopatcong at 2 Jager Ct, Hopatcong, NJ, 07843 earns $1,592/mo cash flow from $4,800/mo rent with a $2,203/mo payment. Total monthly income totals $4,800/mo, and annual cash flow totals $19,104/yr on $149,175 capital. ROI tracks 32.72% on current figures, and rental yield reads 12.8% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 172.74% and total cumulative return in cash sums $257,682. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,800/mo property income instead of your personal income.
Single Family
Built in 1964
0.33 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07843, Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,156 (100%) |
| Owner Occupied HU | 4,090 (79.3%) |
| Renter Occupied HU | 636 (12.3%) |
| Vacant Housing Units | 430 ( 8.3%) |
| Median Home Value | $371,959 |
| Average Home Value | $444,328 |
Housing Distribution
Address Breakdown
Residential
4,851
Single Family
4,842
Multi-Family
9
Businesses
136
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-25 | Price change | $450,000 |
| 2024-10-03 | Listed for sale | $479,900 |
| 2024-05-01 | Sold | $286,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $7519.35 | 2.01% | $214,900 | N/A |
| 2022-11-12 | $7371.07 | 1.72% | $214,900 | N/A |
| 2021-11-12 | $7246.43 | 1.47% | $214,900 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1964
- Architectural Style: Raised Ranch
- Building Area: 1,900
- Living Area: 1,900 sqft
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit, Baseboard - Hotwater
- Cooling: 2 Units, Ductless Split AC, Wall Unit(s)
- Flooring: Carpet, Vinyl-Linoleum
- Interior Features: Bathroom
- Exterior Features: N/A
- Parking Features: Driveway-Exclusive
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Cable Available, Garbage Included
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Tulsa Trl
- Middle School: Durban Ave
- High School: Hopatcong
Listed by: Jack Qizhan Yao • Realmart Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927521
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