199 Amherst StEast 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
Investment property for sale in East Orange at 199 Amherst St, East Orange, NJ, 07018 uses $132,600 cash to close to unlock $4,880/yr annual cash flow and $407/mo monthly cash flow. Total monthly income runs $3,258/mo, and a $1,958/mo payment keeps the spread at $407/mo. Purchase price stands at $399,999, and rental yield measures 9.77% with $3,258/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 123.81% and total cumulative return in cash records $164,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,258/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
3,484 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: Sandy Cuevas • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3989772