296 N Maple 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 296 N Maple Ave, East Orange, NJ, 07017 priced at $679,999 converts $6,704/mo rent into $1,857/mo cash flow after a $3,328/mo obligation. Total monthly income equals $6,704/mo, and annual cash flow totals $22,288/yr on $223,720 invested. Return on cash invested prints 30.02% in year one, and rental yield reads 11.83% against a $679,999 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation compiles into $187,871 by year five. Five-year ROI reaches 158.29% and total cumulative return in cash sums $354,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,704/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Multi Family
Built in 2024
3,920 sqft lot
$N/A/sqft
No HOA
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Listed by: Taiesha Murchison • Conley Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3951250
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