240 Watchung AveOrangeNJ07050
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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 240 Watchung Ave, Orange, NJ, 07050 at $500,000 posts ROI 18.22% with from $3,331/mo rent. Total monthly income equals $3,331/mo. Return on cash invested measures 18.22% and rental yield reads 7.99% at the current $500,000. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 by year five. Five-year ROI prints 95.05% and total cumulative return in cash totals $157,544. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,331/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1958
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: John Natale • Real
Mls Name: GSMLS
Mls ID: #4001625