200 State Rt 94 #314VernonNJ07462
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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 Vernon at 200 State Rt 94 #314, Vernon, NJ, 07462 generates $2,460/mo in rent, after a $1,957/mo payment. Total monthly income is $2,460/mo. Return on cash invested sits at 16.38% in year one, and rental yield is 7.38% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 85.12% and total cumulative return in cash sums $112,844. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,460/mo property income rather than buyer’s personal income.
Condo
Built in 2007
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: Theodore Van Laar • Bhgre Green Team
Mls Name: GSMLS
Mls ID: #3980379