2 Snowmass Ct #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 Snowmass Ct #2, Vernon, NJ, 07462 offers a 11.8% rental yield on a $389,999 purchase with $3,836/mo rent. Total monthly income registers $3,836/mo, and a $1,909/mo payment leaves $1,056/mo available for distribution. Annual cash flow reaches $12,672/yr on $129,285 to close, and return on cash invested stands at 29.71% in year one. Equity gained on principal adds $2,517/yr while 5% annual appreciation supports $107,750 over five years. Portfolio math shows five-year ROI at 156.62% and total cumulative return in cash at $202,484. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,836/mo property income against a $1,909/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
871.20 sqft lot
$N/A/sqft
No 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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Listed by: Christine N. Marotta • Mountain Properties
Mls Name: GSMLS
Mls ID: #4005663