117 Reynolds PlSouth OrangeNJ07079
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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
Rental property for sale in South Orange at 117 Reynolds Pl, South Orange, NJ, 07079 priced at $599,000 pairs $5,689/mo rent with $1,419/mo cash flow after a $2,932/mo payment. Total monthly income equals $5,689/mo, and annual cash flow comes to $17,031/yr on $197,071 invested. Return on cash invested is 28.7% in year one, and rental yield stands at 11.4% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 151.21% and total cumulative return in cash reaches $297,994. For financing, Ziffy Mortgage’s DSCR program evaluates $5,689/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
5,227 sqft 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
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Listed by: Anwar Mangum • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3997803