309 Lakeside AvePompton 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 309 Lakeside Ave, Pompton Lakes, NJ, 07442 priced at $659,000 pairs $4,100/mo rent with after a $3,225/mo payment. Total monthly income equals $4,100/mo. Return on cash invested is 16.76% in year one, and rental yield stands at 7.47% on a $659,000 basis. Equity gained on principal adds $4,252/yr, and 5% annual appreciation accumulates to $182,070 by year five. Five-year ROI measures 87.17% and total cumulative return in cash reaches $188,983. For financing, Ziffy Mortgage’s DSCR program evaluates $4,100/mo property income against a $3,225/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
7,405 sqft lot
$N/A/sqft
No 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: Cheryl Kouvel • Coldwell Banker Realty Alp
Mls Name: GSMLS
Mls ID: #3984920