414 Mechanic StOrangeNJ07050
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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 Orange at 414 Mechanic St, Orange, NJ, 07050 earns $2,338/mo cash flow from $6,293/mo rent with a $2,716/mo payment. Total monthly income totals $6,293/mo, and annual cash flow totals $28,050/yr on $182,595 capital. ROI tracks 35.42% on current figures, and rental yield reads 13.61% at a $555,000 purchase. Equity gained on principal adds $3,581/yr, and 5% annual appreciation supports $153,336 over five years. Five-year ROI reaches 187.24% and total cumulative return in cash sums $341,888. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,293/mo property income instead of your personal income.
Multi Family
Built in 1879
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07050, Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,382 (100%) |
| Owner Occupied HU | 3,215 (22.4%) |
| Renter Occupied HU | 10,073 (70.0%) |
| Vacant Housing Units | 1,094 ( 7.6%) |
| Median Home Value | $391,935 |
| Average Home Value | $497,526 |
Housing Distribution
Address Breakdown
Residential
12,254
Single Family
7,156
Multi-Family
5,098
Businesses
833
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Listed by: Veronica Fairweather • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4002952