2 Claridge Dr APT 7DE, Verona, NJ, 07044 | 6.62% Rental Yield

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2 Claridge Dr APT 7DE, Verona, NJ, 07044 | 6.62% 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 7DE, Verona, NJ, 07044 earns from $2,922/mo rent with a $2,594/mo payment. Total monthly income totals $2,922/mo. ROI tracks 14.17% on current figures, and rental yield reads 6.62% at a $530,000 purchase. Equity gained on principal adds $3,420/yr, and 5% annual appreciation supports $146,429 over five years. Five-year ROI reaches 73.3% and total cumulative return in cash sums $127,807. 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

Experience luxury high-rise living in Verona, a charming neighborhood on the border of nearby Montclair. Enjoy convenient NYC transportation options. This spacious 2-bedroom, 2-bathroom end unit on the 7th floor boasts ample closet space, waiting for your creative touch to transform it into your dream home. Imagine refreshing or completely updating this classic space with its original parquet floors beneath the carpeting. The kitchen is a blank canvas, ready for a reimagined and redesigned look. In the summer, enjoy a glimpse of the NYC skyline peeking through the trees, while winter offers better views of the city through the branches. The end unit provides privacy with terraces only on the right side. Claridge 2 offers a range of amenities to enhance your living experience. Valet parking, 24/7 concierge services, a full gym with sauna and showers, an Olympic-sized heated outdoor pool, a separate picnic area with barbecue grills, putting green, mixed-use tennis courts, a package room, a card room, a party room with a back kitchen, and a building generator are all available. The maintenance fee covers heat, water, air conditioning, electricity, and all amenities, except parking. Additional parking fees apply for the indoor garage space, or outdoor parking. A one-time contribution to the capital fund is required at closing. Don't miss out on this incredible opportunity to create your own personalized space. Start making plans today!

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