3 BroadwayHopatcongNJ07843
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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 Hopatcong at 3 Broadway, Hopatcong, NJ, 07843 at $749,540 posts ROI 17.42% with from $4,800/mo rent. Total monthly income equals $4,800/mo. Return on cash invested measures 17.42% and rental yield reads 7.68% at the current $749,540. Equity gained on principal adds $4,837/yr, and 5% annual appreciation supports $207,084 by year five. Five-year ROI prints 90.71% and total cumulative return in cash totals $223,685. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,800/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
0.30 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07843, Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,156 (100%) |
| Owner Occupied HU | 4,090 (79.3%) |
| Renter Occupied HU | 636 (12.3%) |
| Vacant Housing Units | 430 ( 8.3%) |
| Median Home Value | $371,959 |
| Average Home Value | $444,328 |
Housing Distribution
Address Breakdown
Residential
4,851
Single Family
4,842
Multi-Family
9
Businesses
136
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-30 | Listed for sale | $749,540 |
| 2022-03-04 | Sold | $543,500 |
| 2022-02-18 | Listed for sale | $540,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $12564.21 | 15.98% | $602,600 | 94.64% |
| 2023-04-01 | $10832.90 | 282.36% | $309,600 | 274.82% |
| 2022-04-01 | $2833.18 | 230.79% | $82,600 | 225.20% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2022
- Architectural Style: Colonial,Custom Home
- Building Area: 2,328
- Living Area: 2,328 sqft
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit, Forced Air
- Cooling: 1 Unit
- Flooring: Tile, Wood
- Interior Features: High Ceilings, Walk-In Closet(s), Bedroom/Office, Utility Room
- Exterior Features: N/A
- Parking Features: 2 Car Width, Asphalt, Built-In Garage, Garage Door Opener
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Propane, Cable Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Durban Ave
- Middle School: Hopatcong
- High School: Hopatcong
Listed by: Sally E Novak • Re/Max Neighborhood Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3953776
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.