118 Lenox AveEast OrangeNJ07018
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
Rental property for sale in East Orange at 118 Lenox Ave, East Orange, NJ, 07018 offers $4,620/mo rent that, after a $2,545/mo payment, leaves $914/mo cash flow. Total monthly income is $4,620/mo, and annual cash flow is $10,964/yr on $171,080 cash. Return on cash invested measures 26.47% in year one, and rental yield stands at 10.66% at a $520,000 entry. Equity gained on principal adds $3,355/yr while 5% annual appreciation compounds into $143,666 by year five. Five-year ROI records 139.23% and total cumulative return in cash reaches $238,199. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,620/mo property income versus a $2,545/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1925
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07018, East Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 2,778 (20.2%) |
| Renter Occupied HU | 9,825 (71.3%) |
| Vacant Housing Units | 1,168 ( 8.5%) |
| Median Home Value | $342,735 |
| Average Home Value | $398,767 |
Housing Distribution
Address Breakdown
Residential
12,666
Single Family
5,230
Multi-Family
7,436
Businesses
723
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Francine Lauri • Corcoran Sawyer Smith
Mls Name: GSMLS
Mls ID: #4007808