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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 BLDG 2 #5CW, Verona, NJ, 07044 offers $2,922/mo rent that, after a $4,253/mo payment. Total monthly income is $2,922/mo. Return on cash invested measures 6.33% in year one, and rental yield stands at 4.03% at a $869,000 entry. Equity gained on principal adds $5,608/yr while 5% annual appreciation compounds into $240,089 by year five. Five-year ROI records 31.23% and total cumulative return in cash reaches $89,279. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,922/mo property income versus a $4,253/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1976
0.32 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jane Silverstein • Keller Williams Suburban Realty
Mls Name: GSMLS
Mls ID: #3996356
