1 Claridge Dr #726VeronaNJ07044
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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 #726, Verona, NJ, 07044 earns $1,037/mo cash flow from $3,709/mo rent with a $1,835/mo payment. Total monthly income totals $3,709/mo, and annual cash flow totals $12,441/yr on $124,279 capital. ROI tracks 29.92% on current figures, and rental yield reads 11.87% at a $374,900 purchase. Equity gained on principal adds $2,419/yr, and 5% annual appreciation supports $103,578 over five years. Five-year ROI reaches 157.75% and total cumulative return in cash sums $196,051. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,709/mo property income instead of your personal income.
Condo
Built in 1965
0.32 Acres lot
$N/A/sqft
No 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: Paula Cardenas • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3998887