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© 2026 OnePercent · Estimates carry bands, never promises.the line

2 Steamboat Dr, Vernon, NJ 07462 — $200,000 · 2bd · ~1.1% rule | OnePercent

2 Steamboat Dr, Vernon, NJ 07462

$200,000

Overview Financials Comps Location Analysis Calculator Nearby Risk Neighborhood Market

Home·Vernon 07462·2 Steamboat Dr, Vernon, NJ 07462

Last confirmed 3 days ago

2 Steamboat Dr, Vernon, NJ 07462

2 bd · 1 ba · built 1987 · Vernon · CONDOS·source listing ↗

$200,000

rent, three ways

OnePercent model (vv1)$2,125/mo

p10–p90 confidence band

HUD Fair Market Rent · 07462 · 2BR$2,170/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

the locale

County

Sussex

Flood risk indexRelatively Low FEMA NRI

Median household income$95,945

Median area rent$1,648/mo

Median home value$280,400

the verdict

1.06%vs 0.8% target

Modeled rent: $2,125/morent estimate
Property tax: —listing
Insurance: $1,442/yrstate avg
HOA: $442/molisting

Cap rate: 8.0%
Cash flow: +$325/mo
Cash-on-cash: 8.5%

financing: 20% down · — (FRED, live) · 30yr

$200,000

1.06% · rent $2,125

Intrinsic value · income approach

$262,088

24% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.

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