216 Gregory 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
Total monthly income runs $3,264/mo, and a $2,570/mo payment. Purchase price stands at $524,999, and rental yield measures 7.46% with $3,264/mo rent. Return on cash invested shows 13.08% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 68.74% and total cumulative return in cash records $118,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,264/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1916
6,534 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: Galina Kaplan • Signature Realty Nj
Mls Name: GSMLS
Mls Provider:
Mls ID: #3953160
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