304 Glenwood 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 304 Glenwood Ave, East Orange, NJ, 07017 priced at $200,000 converts $6,704/mo rent into $4,680/mo cash flow after a $979/mo obligation. Total monthly income equals $6,704/mo, and annual cash flow totals $56,158/yr on $66,300 invested. Return on cash invested prints 104.61% in year one, and rental yield reads 40.22% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 562.22% and total cumulative return in cash sums $372,752. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,704/mo property income covering a $979/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
5,227 sqft lot
$N/A/sqft
No HOA
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Listed by: Dondell Leonard • Keller Williams By The Bay
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942650
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