230 Amherst StEast OrangeNJ07018
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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 East Orange at 230 Amherst St, East Orange, NJ, 07018 generates $3,206/mo in rent, after a $2,692/mo payment. Total monthly income is $3,206/mo. Return on cash invested sits at 15.32% in year one, and rental yield is 6.99% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 79.46% and total cumulative return in cash sums $143,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,206/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07018, East Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 2,778 (20.2%) |
| Renter Occupied HU | 9,825 (71.3%) |
| Vacant Housing Units | 1,168 ( 8.5%) |
| Median Home Value | $342,735 |
| Average Home Value | $398,767 |
Housing Distribution
Address Breakdown
Residential
12,666
Single Family
5,230
Multi-Family
7,436
Businesses
723
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Listed by: Shameeza Mohamed • Real
Mls Name: GSMLS
Mls ID: #3990405