54 Riggs PlWest 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 54 Riggs Pl, West Orange, NJ, 07052 priced at $950,000 pairs $7,680/mo rent with $908/mo cash flow after a $4,650/mo payment. Total monthly income equals $7,680/mo, and annual cash flow comes to $10,900/yr on $312,550 invested. Return on cash invested is 23.55% in year one, and rental yield stands at 9.7% on a $950,000 basis. Equity gained on principal adds $6,130/yr, and 5% annual appreciation accumulates to $262,467 by year five. Five-year ROI measures 123.57% and total cumulative return in cash reaches $386,210. For financing, Ziffy Mortgage’s DSCR program evaluates $7,680/mo property income against a $4,650/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1921
4,791 sqft lot
$N/A/sqft
No 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: Michael Vera-silva • Realty One Group Paramount
Mls Name: GSMLS
Mls ID: #4006428