2 Claridge Dr BLDG 2 #7FwVeronaNJ07044
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 Verona at 2 Claridge Dr BLDG 2 #7Fw, Verona, NJ, 07044 with 5% annual appreciation on a $475,000 basis while $2,963/mo rent supports operations. 69% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 7.49%. Five-year ROI measures 86.81% and total cumulative return in cash totals $136,699. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,963/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1950
10,018 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,943
Single Family
4,342
Multi-Family
1,601
Businesses
469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Mastropole • Wayne Hills Realty
Mls Name: GSMLS
Mls ID: #3989065