2 Michael CtPompton PlainsNJ07444
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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 Pompton Plains at 2 Michael Ct, Pompton Plains, NJ, 07444 at $699,900 posts ROI 5.94% with from $2,280/mo rent. Total monthly income equals $2,280/mo. Return on cash invested measures 5.94% and rental yield reads 3.91% at the current $699,900. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 by year five. Five-year ROI prints 29.15% and total cumulative return in cash totals $67,112. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,280/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07444, Pompton Plains, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,038 (100%) |
| Owner Occupied HU | 3,860 (76.6%) |
| Renter Occupied HU | 943 (18.7%) |
| Vacant Housing Units | 235 ( 4.7%) |
| Median Home Value | $614,613 |
| Average Home Value | $629,346 |
Housing Distribution
Address Breakdown
Residential
4,929
Single Family
2,815
Multi-Family
2,114
Businesses
419
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Listed by: Pauline Stevenson • Realty Executives Exceptional
Mls Name: GSMLS
Mls ID: #4004146