Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Verona at 2 Claridge Dr. 3EE, Verona, NJ, 07044 generates $2,922/mo in rent, after a $2,570/mo payment. Total monthly income is $2,922/mo. Return on cash invested sits at 6.86% in year one, and rental yield is 6.68% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 36.82% and total cumulative return in cash sums $63,597. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,922/mo property income rather than buyer’s personal income.
Condo
Built in 1975
0.30 Acres lot
$N/A/sqft
$1,079 monthly HOA
Neighborhood data shown for ZIP Code: 07044, Verona, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,360 (100%) |
| Owner Occupied HU | 4,671 (73.4%) |
| Renter Occupied HU | 1,443 (22.7%) |
| Vacant Housing Units | 246 ( 3.9%) |
| Median Home Value | $658,491 |
| Average Home Value | $741,076 |
Residential
5,943
Single Family
4,342
Multi-Family
1,601
Businesses
469
Date | Event | Price |
|---|---|---|
| 2024-09-12 | Price change | $525,000 |
| 2024-07-24 | Listed for sale | $650,000 |
| 2011-01-31 | Sold | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $10696.98 | 1.22% | $357,400 | N/A |
| 2022-10-16 | $10568.32 | 3.25% | $357,400 | N/A |
| 2021-10-16 | $10235.94 | 3.39% | $357,400 | N/A |
Listed by: Barbara Amato • Claridge Realty Agency
Mls Name: GSMLS
Mls Provider:
Mls ID: #3915187
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
