26 Cedar Ridge DrVernonNJ07462
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 26 Cedar Ridge Dr, Vernon, NJ, 07462 priced at $389,900 converts $3,331/mo rent into $552/mo cash flow after a $1,908/mo obligation. Total monthly income equals $3,331/mo, and annual cash flow totals $6,627/yr on $129,252 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 10.25% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 131.59% and total cumulative return in cash sums $170,077. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,331/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.52 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: Cristina Bouzyla • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3991071