300 Claremont Ave UNIT 6VeronaNJ07044
Nearby investment properties with comparable rents
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 Verona at 300 Claremont Ave UNIT 6, Verona, NJ, 07044 at $289,000 posts ROI 23.37% with $277/mo cash flow from $2,683/mo rent. Total monthly income equals $2,683/mo, and annual cash flow records $3,319/yr on $95,804 to close. Return on cash invested measures 23.37% and rental yield reads 11.14% at the current $289,000. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 by year five. Five-year ROI prints 124.24% and total cumulative return in cash totals $119,030.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,683/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1960
4.87 Acres lot
$N/A/sqft
$346 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07044, Verona, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,360 (100%) |
| Owner Occupied HU | 4,671 (73.4%) |
| Renter Occupied HU | 1,443 (22.7%) |
| Vacant Housing Units | 246 ( 3.9%) |
| Median Home Value | $658,491 |
| Average Home Value | $741,076 |
Housing Distribution
Address Breakdown
Residential
5,943
Single Family
4,342
Multi-Family
1,601
Businesses
469
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Listed by: Neil Deepak Murjani • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls Provider:
Mls ID: #3951373
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