228 DUANE STREETOrangeNJ07050
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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 Orange at 228 DUANE STREET, Orange, NJ, 07050 listed at $650,000 pairs $6,293/mo rent with a $3,181/mo payment to leave $1,660/mo cash flow. Total monthly income runs $6,293/mo, and annual cash flow reaches $19,924/yr on $213,850 cash to close. Return on cash invested measures 29.38% in year one, and rental yield registers 11.62% at a $650,000 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 154.83% and total cumulative return in cash totals $331,094. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,293/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1913
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07050, Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,382 (100%) |
| Owner Occupied HU | 3,215 (22.4%) |
| Renter Occupied HU | 10,073 (70.0%) |
| Vacant Housing Units | 1,094 ( 7.6%) |
| Median Home Value | $391,935 |
| Average Home Value | $497,526 |
Housing Distribution
Address Breakdown
Residential
12,254
Single Family
7,156
Multi-Family
5,098
Businesses
833
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Listed by: Mary K. Sheeran • Keller Williams Metropolitan
Mls Name: GSMLS
Mls ID: #4003738