2 Claridge Dr BLDG 2 #8IEVeronaNJ07044
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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 #8IE, Verona, NJ, 07044 generates $2,963/mo in rent and, after a $1,884/mo payment, leaves $219/mo in cash flow. Total monthly income is $2,963/mo, and annual cash flow is $2,630/yr on $127,628 invested. Return on cash invested sits at 21.97% in year one, and rental yield is 9.24% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 115.15% and total cumulative return in cash sums $146,962. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,963/mo property income rather than buyer’s personal income.
Condo
Built in 1976
9,583 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
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Listed by: Elizabeth Irwin • Arcadia, Realtors
Mls Name: GSMLS
Mls ID: #4003601