116 Raymond AveSouth OrangeNJ07079
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 South Orange at 116 Raymond Ave, South Orange, NJ, 07079 at $1,195,000 posts ROI 7.61% with from $4,402/mo rent. Total monthly income equals $4,402/mo. Return on cash invested measures 7.61% and rental yield reads 4.42% at the current $1,195,000. Equity gained on principal adds $7,711/yr, and 5% annual appreciation supports $330,156 by year five. Five-year ROI prints 38.08% and total cumulative return in cash totals $147,434. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,402/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1959
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07079, South Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,962 (100%) |
| Owner Occupied HU | 4,124 (59.2%) |
| Renter Occupied HU | 2,404 (34.5%) |
| Vacant Housing Units | 434 ( 6.2%) |
| Median Home Value | $826,407 |
| Average Home Value | $847,887 |
Housing Distribution
Address Breakdown
Residential
6,435
Single Family
4,581
Multi-Family
1,854
Businesses
659
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Kelly • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #3984590