229 N Center St #2OrangeNJ07050
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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 Orange at 229 N Center St #2, Orange, NJ, 07050 generates $3,847/mo in rent and, after a $2,300/mo payment, leaves $498/mo in cash flow. Total monthly income is $3,847/mo, and annual cash flow is $5,971/yr on $155,772 invested. Return on cash invested sits at 23.74% in year one, and rental yield is 9.82% on a $469,900 entry. Equity gained on principal adds $3,032/yr, while 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 124.64% and total cumulative return in cash sums $194,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,847/mo property income rather than buyer’s personal income.
Multi Family
Built in 1926
4,356 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: Salvador Oliveira • All Jersey Realty, Llc.
Mls Name: GSMLS
Mls ID: #3995904