4 Steamboat Dr UNIT 4VernonNJ07462
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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 Vernon at 4 Steamboat Dr UNIT 4, Vernon, NJ, 07462 offers $2,555/mo rent that, after a $1,316/mo payment, leaves $273/mo cash flow. Total monthly income is $2,555/mo, and annual cash flow is $3,282/yr on $89,140 cash. Return on cash invested measures 23.59% in year one, and rental yield stands at 11.4% at a $268,900 entry. Equity gained on principal adds $1,735/yr while 5% annual appreciation compounds into $74,292 by year five. Five-year ROI records 125.62% and total cumulative return in cash reaches $111,976. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,555/mo property income versus a $1,316/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1987
435.60 sqft lot
$N/A/sqft
$365 monthly 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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Nearby investment properties with comparable prices
Listed by: Denise Hoebee • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3931401
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