233 Rt 94 #233VernonNJ07462
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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 233 Rt 94 #233, Vernon, NJ, 07462 uses $115,992 cash to close to unlock $307/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,713/mo payment keeps the spread at $26/mo. Purchase price stands at $349,900, and rental yield measures 8.64% with $2,520/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 105.5% and total cumulative return in cash records $122,370. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Apartment
Built in 1965
1.65 Acres 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: Emmett Mcdowell • Keller Williams Prosperity Realty
Mls Name: GSMLS
Mls ID: #4005383