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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Vernon at 8 Le Touquet Unit 4 #4, Vernon, NJ, 07462 offers $1,358/mo rent that, after a $979/mo payment. Total monthly income is $1,358/mo. Return on cash invested measures 18.68% in year one, and rental yield stands at 8.15% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 97.57% and total cumulative return in cash reaches $64,688. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,358/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07462, Vernon, NJ area.
| 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 |
Residential
2,973
Single Family
2,973
Multi-Family
0
Businesses
286
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Vanessa Lopez • Realty Executives Mountain Prop.
Mls Name: GSMLS
Mls ID: #3980182
