1 Claridge Dr #114VeronaNJ07044
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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 Verona at 1 Claridge Dr #114, Verona, NJ, 07044 earns from $3,742/mo rent with a $1,951/mo payment. Total monthly income totals $3,742/mo. ROI tracks 18.25% on current figures, and rental yield reads 11.27% at a $398,600 purchase. Equity gained on principal adds $2,572/yr, and 5% annual appreciation supports $110,126 over five years. Five-year ROI reaches 98.72% and total cumulative return in cash sums $130,448. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,742/mo property income instead of your personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$1,084 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07044, Verona, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,360 (100%) |
| Owner Occupied HU | 4,671 (73.4%) |
| Renter Occupied HU | 1,443 (22.7%) |
| Vacant Housing Units | 246 ( 3.9%) |
| Median Home Value | $658,491 |
| Average Home Value | $741,076 |
Housing Distribution
Address Breakdown
Residential
5,943
Single Family
4,342
Multi-Family
1,601
Businesses
469
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Listed by: N/A • N/A
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Mls ID: #N/A