9 Corsica RdHopatcongNJ07843
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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 Hopatcong at 9 Corsica Rd, Hopatcong, NJ, 07843 with 5% annual appreciation on a $475,000 basis while $3,500/mo rent supports operations. Total monthly income totals $3,500/mo and a $2,325/mo payment preserves $114/mo for cash returns. Annual cash flow comes to $1,370/yr on $157,463 deployed, and return on cash invested reaches 20.78% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 8.84%. Five-year ROI measures 108.75% and total cumulative return in cash totals $171,247.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,500/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07843, Hopatcong, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,156 (100%) |
| Owner Occupied HU | 4,090 (79.3%) |
| Renter Occupied HU | 636 (12.3%) |
| Vacant Housing Units | 430 ( 8.3%) |
| Median Home Value | $371,959 |
| Average Home Value | $444,328 |
Housing Distribution
Address Breakdown
Residential
4,851
Single Family
4,842
Multi-Family
9
Businesses
136
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Listed by: Kathleen Courter • Re/Max House Values
Mls Name: GSMLS
Mls ID: #4006463