20 Redwood AveWest OrangeNJ07052
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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
Investment property for sale in West Orange at 20 Redwood Ave, West Orange, NJ, 07052 offers a 9.78% rental yield on a $942,000 purchase with $7,680/mo rent. Total monthly income registers $7,680/mo, and a $4,611/mo payment leaves $965/mo available for distribution. Annual cash flow reaches $11,582/yr on $309,918 to close, and return on cash invested stands at 23.8% in year one. Equity gained on principal adds $6,079/yr while 5% annual appreciation supports $260,257 over five years. Portfolio math shows five-year ROI at 124.91% and total cumulative return in cash at $387,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,680/mo property income against a $4,611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07052, West Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,309 (100%) |
| Owner Occupied HU | 12,541 (64.9%) |
| Renter Occupied HU | 5,679 (29.4%) |
| Vacant Housing Units | 1,089 ( 5.6%) |
| Median Home Value | $594,614 |
| Average Home Value | $648,146 |
Housing Distribution
Address Breakdown
Residential
18,032
Single Family
15,941
Multi-Family
2,091
Businesses
1,496
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Listed by: Carol Abdo • Bhhs Jordan Baris Realty
Mls Name: GSMLS
Mls ID: #3981145