4 Buchanon Ct #4West OrangeNJ07052
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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 West Orange at 4 Buchanon Ct #4, West Orange, NJ, 07052 priced at $420,000 converts $3,564/mo rent into $104/mo cash flow after a $2,056/mo obligation. Total monthly income equals $3,564/mo, and annual cash flow totals $1,248/yr on $139,230 invested. Return on cash invested prints 20.81% in year one, and rental yield reads 10.18% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 110.33% and total cumulative return in cash sums $153,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,564/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
$466 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07052, West Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,309 (100%) |
| Owner Occupied HU | 12,541 (64.9%) |
| Renter Occupied HU | 5,679 (29.4%) |
| Vacant Housing Units | 1,089 ( 5.6%) |
| Median Home Value | $594,614 |
| Average Home Value | $648,146 |
Housing Distribution
Address Breakdown
Residential
18,032
Single Family
15,941
Multi-Family
2,091
Businesses
1,496
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Listed by: Benjamin Garrison • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3978462
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