2 Claridge Dr APT 5CW, Verona, NJ, 07044 | 4.03% Rental Yield

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2 Claridge Dr APT 5CW, Verona, NJ, 07044 | 4.03% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Verona at 2 Claridge Dr APT 5CW, Verona, NJ, 07044 earns from $2,922/mo rent with a $4,253/mo payment. Total monthly income totals $2,922/mo. ROI tracks 6.33% on current figures, and rental yield reads 4.03% at a $869,000 purchase. Equity gained on principal adds $5,608/yr, and 5% annual appreciation supports $240,089 over five years. Five-year ROI reaches 31.23% and total cumulative return in cash sums $89,279. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,922/mo property income instead of your personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Imagine living where No One has lived before! Newly renovated desirable corner unit. Open concept, great for entertaining, filled with an abundance of natural light. Enjoy Magnificent sunsets on this oversized private terrace. Gourmet, sleek kitchen with state-of-the-art modern appliances . Large Primary en-suite bedroom, huge Custom walk-in closet, wood floors throughout, washer/dryer, 2nd bedroom or home office, 2nd full bathroom. Custom spacious closets throughout. Storage room located on floor. Nest thermostats, Maintenance includes all utilities (except Cable) and amenities: heated pool, putting green, tennis, pickle ball, basketball Court, fitness center with sauna , card room, library, 24-hour Doorman and Concierge, Valet Parking. Conveniently located near major highways, minutes to Montclair, easy NYC commute. This is Turn-Key Luxury at its finest

Neighborhood Data

Neighborhood data shown for ZIP Code: 07044, Verona, NJ area.

Housing Distribution

Housing Statistics

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