377 S Harrison St #8IEast 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 377 S Harrison St #8I, East Orange, NJ, 07018 uses $85,361 cash to close to unlock $6,563/yr annual cash flow and $547/mo monthly cash flow. Total monthly income runs $2,382/mo, and a $1,260/mo payment keeps the spread at $547/mo. Purchase price stands at $257,500, and rental yield measures 11.1% with $2,382/mo rent. Return on cash invested shows 27.6% in year one, and 5% annual appreciation builds toward $71,143 over five years. Five-year ROI reaches 145.29% and total cumulative return in cash records $124,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,382/mo property income covering a $1,260/mo payment rather than investor’s personal income.
Condo
Built in 1957
2.87 Acres 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: Michele Chiles-hickman • Bhhs Fox & Roach
Mls Name: GSMLS
Mls ID: #3984452