3 Village Way Unit 1 BLDG 3 #1, Vernon, NJ, 07462 | $523/mo Cash Flow

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3 Village Way Unit 1 BLDG 3 #1, Vernon, NJ, 07462 | $523/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Vernon at 3 Village Way Unit 1 BLDG 3 #1, Vernon, NJ, 07462 uses $92,787 cash to close to unlock $6,275/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $2,518/mo, and a $1,370/mo payment keeps the spread at $523/mo. Purchase price stands at $279,900, and rental yield measures 10.8% with $2,518/mo rent. Return on cash invested shows 26.67% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 140.32% and total cumulative return in cash records $130,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,518/mo property income covering a $1,370/mo payment rather than investor’s personal income.

Townhouse

Built in 1983

871.20 sqft lot

$N/A/sqft

No HOA

More details about the property

Multi-Level End Unit Townhome in desirable Hidden Valley! New Kitchen (2022) offers: 4 pc Samsung SS Appliance Package, Dining Rm with slider to 26' deck, Living Rm has a gas fireplace & plenty of windows, new bathrooms, Loft has two skylights & is open to the Living Rm below, Master bedroom has two closets & a 12'x8' loft with a skylight. The walk out basement presents: a laundry room with washer & Dryer & plenty of space for a gaming area/family room and possibly another full bathroom. Privacy from your deck facing the woods. New Heating & Central AC (2022). Quiet location but still close enough to 4 seasons of fun. Enjoy all that Vernon has to offer: Golfing, Mountain Biking, Hiking, Skiing & much more. Minerals Resort & Crystal Springs nearby offering: Restaurants, Gym, Spa & Pools. Minutes to Historic Downtown Warwick, local Vineyards and Apple Orchards. Warwick NY (9 miles), LEGOLAND NY Resort (20 miles).

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