27A Melmore Gdns UNIT 27AEast OrangeNJ07017
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Nearby investment properties with comparable prices
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 27A Melmore Gdns UNIT 27A, East Orange, NJ, 07017 offers a 8.95% rental yield on a $345,999 purchase with $2,580/mo rent. Total monthly income registers $2,580/mo, and a $1,693/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,371/yr on $114,699 to close, and return on cash invested stands at 21.1% in year one. Equity gained on principal adds $2,233/yr while 5% annual appreciation supports $95,593 over five years. Portfolio math shows five-year ROI at 110.51% and total cumulative return in cash at $126,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,580/mo property income against a $1,693/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Shantell Lucas • New And Modern Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942005
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