24 Lenox TerWest 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
Investment property for sale in West Orange at 24 Lenox Ter, West Orange, NJ, 07052 with 5% annual appreciation on a $779,000 basis while $5,813/mo rent supports operations. Total monthly income totals $5,813/mo and a $3,813/mo payment preserves $260/mo for cash returns. Annual cash flow comes to $3,123/yr on $256,291 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $5,027/yr, and five-year appreciation sums $215,223 alongside rental yield of 8.95%. Five-year ROI measures 111.4% and total cumulative return in cash totals $285,518.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,813/mo property income versus a $3,813/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.59 Acres 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: Nancy E. Sussmann • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4004979