570 Varsity RdSouth OrangeNJ07079
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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 South Orange at 570 Varsity Rd, South Orange, NJ, 07079 offers a 9.67% rental yield on a $780,000 purchase with $6,284/mo rent. Total monthly income registers $6,284/mo, and a $3,818/mo payment leaves $721/mo available for distribution. Annual cash flow reaches $8,657/yr on $256,620 to close, and return on cash invested stands at 23.43% in year one. Equity gained on principal adds $5,033/yr while 5% annual appreciation supports $215,500 over five years. Portfolio math shows five-year ROI at 122.96% and total cumulative return in cash at $315,544. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,284/mo property income against a $3,818/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07079, South Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,962 (100%) |
| Owner Occupied HU | 4,124 (59.2%) |
| Renter Occupied HU | 2,404 (34.5%) |
| Vacant Housing Units | 434 ( 6.2%) |
| Median Home Value | $826,407 |
| Average Home Value | $847,887 |
Housing Distribution
Address Breakdown
Residential
6,435
Single Family
4,581
Multi-Family
1,854
Businesses
659
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Listed by: Judy Chin • Re/Max Villa Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3956493
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