377 S Harrison Street #5MEast 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
Rental property for sale in East Orange at 377 S Harrison Street #5M, East Orange, NJ, 07018 offers $1,901/mo rent that, after a $1,112/mo payment. Total monthly income is $1,901/mo. Return on cash invested measures 1.15% in year one, and rental yield stands at 10.04% at a $227,200 entry. Equity gained on principal adds $1,466/yr while 5% annual appreciation compounds into $62,771 by year five. Five-year ROI records 11.92% and total cumulative return in cash reaches $8,980. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,901/mo property income versus a $1,112/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1957
0.80 Acres lot
$N/A/sqft
$1,459 monthly 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 Provider:
Mls ID: #3961293
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