54 Melrose AveEast 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 54 Melrose Ave, East Orange, NJ, 07018 priced at $790,000 pairs $4,620/mo rent with after a $3,867/mo payment. Total monthly income equals $4,620/mo. Return on cash invested is 15.39% in year one, and rental yield stands at 7.02% on a $790,000 basis. Equity gained on principal adds $5,098/yr, and 5% annual appreciation accumulates to $218,262 by year five. Five-year ROI measures 79.82% and total cumulative return in cash reaches $207,468. For financing, Ziffy Mortgage’s DSCR program evaluates $4,620/mo property income against a $3,867/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2006
6,098 sqft 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: Blossom Vernon • Bhhs Jordan Baris Realty
Mls Name: GSMLS
Mls ID: #4006271