253 Midland AveEast OrangeNJ07017
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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 253 Midland Ave, East Orange, NJ, 07017 priced at $899,000 pairs $7,625/mo rent with $1,217/mo cash flow after a $4,400/mo payment. Total monthly income equals $7,625/mo, and annual cash flow comes to $14,607/yr on $295,771 invested. Return on cash invested is 25% in year one, and rental yield stands at 10.18% on a $899,000 basis. Equity gained on principal adds $5,801/yr, and 5% annual appreciation accumulates to $248,377 by year five. Five-year ROI measures 131.35% and total cumulative return in cash reaches $388,498. For financing, Ziffy Mortgage’s DSCR program evaluates $7,625/mo property income against a $4,400/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
0.88 Acres lot
$N/A/sqft
No HOA
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Listed by: Jill K. Biggs • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3994806
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