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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in West Orange at 55-57 Ridgeway Ave, West Orange, NJ, 07052 offers a 4.04% rental yield on a $1,000,000 purchase with $3,367/mo rent. 14% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,282 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,367/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07052, West Orange, NJ area.
| 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 |
Residential
18,032
Single Family
15,941
Multi-Family
2,091
Businesses
1,496
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $1,000,000 |
| 2024-05-09 | Listing removed | N/A |
| 2024-01-23 | Pending sale | $1,900,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $42132.58 | 5.57% | $899,500 | N/A |
| 2023-04-23 | $39910.82 | 1.91% | $899,500 | N/A |
| 2022-04-23 | $39164.23 | 1.63% | $899,500 | N/A |
Listed by: Veronica Fairweather • EXP Realty, LLC
Mls Name: NJMLS
Mls Provider:
Mls ID: #25013011
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-04-23 07:47:22 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
