231-4 Grant Ave UNIT 4Pompton LakesNJ07442
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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 Pompton Lakes at 231-4 Grant Ave UNIT 4, Pompton Lakes, NJ, 07442 generates $4,178/mo in rent and, after a $2,055/mo payment, leaves $835/mo in cash flow. Total monthly income is $4,178/mo, and annual cash flow is $10,023/yr on $139,197 invested. Return on cash invested sits at 27.11% in year one, and rental yield is 11.94% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 143.8% and total cumulative return in cash sums $200,160. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,178/mo property income rather than buyer’s personal income.
Townhouse
Built in 1986
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07442, Pompton Lakes, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,338 (100%) |
| Owner Occupied HU | 3,241 (74.7%) |
| Renter Occupied HU | 937 (21.6%) |
| Vacant Housing Units | 160 ( 3.7%) |
| Median Home Value | $486,150 |
| Average Home Value | $495,896 |
Housing Distribution
Address Breakdown
Residential
4,302
Single Family
4,097
Multi-Family
205
Businesses
403
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Listed by: Lucille T. Brule • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928544
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