2 Prospect StNetcongNJ07857
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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
Rental property for sale in Netcong at 2 Prospect St, Netcong, NJ, 07857 priced at $671,000 pairs $0/mo rent with after a $3,284/mo payment. Total monthly income equals $0/mo. Return on cash invested is -5.94% in year one, and rental yield stands at 0% on a $671,000 basis. Equity gained on principal adds $4,330/yr, and 5% annual appreciation accumulates to $185,385 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $3,284/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.55 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Sharon K. Caruso • Re/Max Heritage Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3929437
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