184 N Walnut StreetEast 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
Rental property for sale in East Orange at 184 N Walnut Street, East Orange, NJ, 07017 priced at $1,225,000 converts $2,856/mo rent into after a $5,996/mo obligation. Total monthly income equals $2,856/mo. Return on cash invested prints 2.6% in year one, and rental yield reads 2.8% against a $1,225,000 entry. Equity gained on principal adds $7,905/yr, while 5% annual appreciation compiles into $338,445 by year five. Five-year ROI reaches 11.21% and total cumulative return in cash sums $44,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,856/mo property income covering a $5,996/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Steven Schaefer • American Homes Group
Mls Name: MoreMLS
Mls ID: #22521973