275 Rhode Island AveEast 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
Investment property for sale in East Orange at 275 Rhode Island Ave, East Orange, NJ, 07018 at $779,000 posts ROI 7.52% with from $2,875/mo rent. Total monthly income equals $2,875/mo. Return on cash invested measures 7.52% and rental yield reads 4.43% at the current $779,000. Equity gained on principal adds $5,027/yr, and 5% annual appreciation supports $215,223 by year five. Five-year ROI prints 37.64% and total cumulative return in cash totals $96,470. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,875/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1950
4,791 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: Clint Mitchell • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3999849