29 Iron Forge SqPompton 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 29 Iron Forge Sq, Pompton Lakes, NJ, 07442 offers $2,150/mo rent that, after a $1,492/mo payment. Total monthly income is $2,150/mo. Return on cash invested measures 11.48% in year one, and rental yield stands at 8.46% at a $304,900 entry. Equity gained on principal adds $1,967/yr while 5% annual appreciation compounds into $84,238 by year five. Five-year ROI records 61.87% and total cumulative return in cash reaches $62,534. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,150/mo property income versus a $1,492/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1986
999 sqft lot
$N/A/sqft
$687 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: Judith Longo • Bhgre Green Team
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957310
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