377 S Harrison StEast OrangeNJ07018
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 377 S Harrison St, East Orange, NJ, 07018 in East Orange achieves 2.06, rent of $2,382/mo covers the $1,158/mo payment 1.5x over at $257,500. Rental yield 11.1%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $71,143 over five years, with $2,372/yr in principal reduction bringing total projected return to $133,852.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.2% |
| Monthly Cash Flow | $(1,071) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,382 |
| Total Monthly Debt Service | $1,733 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A 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
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
Condo
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michele Chiles-Hickman • Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair
Mls Name: NJMLS
Mls ID: #25031379