12A Melmore GdnsEast OrangeNJ07017
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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 East Orange at 12A Melmore Gdns, East Orange, NJ, 07017 listed at $285,900 pairs $2,562/mo rent with a $1,399/mo payment to leave $524/mo cash flow. Total monthly income runs $2,562/mo, and annual cash flow reaches $6,294/yr on $94,776 cash to close. Return on cash invested measures 26.55% in year one, and rental yield registers 10.75% at a $285,900 basis. Equity gained on principal adds $1,845/yr, and annual property appreciation at 5% supports $78,989 by year five. Five-year ROI tracks 139.71% and total cumulative return in cash totals $132,409. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,562/mo property income relative to a $1,399/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1940
2,178 sqft lot
$N/A/sqft
No HOA
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Listed by: Maristela Deoliveira • Vylla Home
Mls Name: GSMLS
Mls Provider:
Mls ID: #3925068
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