41 Iron Forge SqPompton LakesNJ07442
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 41 Iron Forge Sq, Pompton Lakes, NJ, 07442 priced at $319,000 pairs $2,240/mo rent with after a $1,561/mo payment. Total monthly income equals $2,240/mo. Return on cash invested is 11.73% in year one, and rental yield stands at 8.43% on a $319,000 basis. Equity gained on principal adds $2,058/yr, and 5% annual appreciation accumulates to $88,134 by year five. Five-year ROI measures 63.07% and total cumulative return in cash reaches $66,697. For financing, Ziffy Mortgage’s DSCR program evaluates $2,240/mo property income against a $1,561/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1986
99,999 Acres 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: Gloria La Forgia • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961113
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