2 Claridge Dr BLDG 2 #7NEVeronaNJ07044
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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
Investment Highlights
Rental property for sale in Verona at 2 Claridge Dr BLDG 2 #7NE, Verona, NJ, 07044 priced at $659,000 pairs $2,922/mo rent with after a $3,225/mo payment. Total monthly income equals $2,922/mo. Return on cash invested is 10.24% in year one, and rental yield stands at 5.32% on a $659,000 basis. Equity gained on principal adds $4,252/yr, and 5% annual appreciation accumulates to $182,070 by year five. Five-year ROI measures 52.2% and total cumulative return in cash reaches $113,167. For financing, Ziffy Mortgage’s DSCR program evaluates $2,922/mo property income against a $3,225/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1976
0.31 Acres 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
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Listed by: Jennifer Kotler • Bhhs Fox & Roach
Mls Name: GSMLS
Mls ID: #3999121