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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West Orange at 24 Hutton Ave UNIT 15, West Orange, NJ, 07052 uses $82,875 cash to close to unlock $6,069/yr annual cash flow and $506/mo monthly cash flow. Total monthly income runs $2,677/mo, and a $1,224/mo payment keeps the spread at $506/mo. Purchase price stands at $249,999, and rental yield measures 12.85% with $2,677/mo rent. Return on cash invested shows 27.23% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 145.4% and total cumulative return in cash records $120,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,677/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
$370 monthly HOA
Neighborhood data shown for ZIP Code: 07052, West Orange, NJ area.
| 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 |
Residential
18,032
Single Family
15,941
Multi-Family
2,091
Businesses
1,496
Date | Event | Price |
|---|---|---|
| 2024-10-03 | Listed for sale | $249,999 |
| 2023-08-11 | Sold | $262,000 |
| 2023-07-25 | Pending sale | $237,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $5426.45 | 1.91% | $122,300 | N/A |
| 2022-10-16 | $5324.94 | 1.63% | $122,300 | N/A |
| 2021-10-16 | $5239.33 | 2.96% | $122,300 | N/A |
Listed by: Dominick Farelli • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927470
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
