415 Colfax 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
Investment property for sale in Pompton Lakes at 415 Colfax Ave, Pompton Lakes, NJ, 07442 listed at $729,900 pairs $5,761/mo rent with a $3,573/mo payment to leave $559/mo cash flow. Total monthly income runs $5,761/mo, and annual cash flow reaches $6,707/yr on $240,137 cash to close. Return on cash invested measures 22.85% in year one, and rental yield registers 9.47% at a $729,900 basis. Equity gained on principal adds $4,710/yr, and annual property appreciation at 5% supports $201,658 by year five. Five-year ROI tracks 119.83% and total cumulative return in cash totals $287,755. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,761/mo property income relative to a $3,573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.25 Acres 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: N/A • N/A
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