6 Connel DrWest 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 6 Connel Dr, West Orange, NJ, 07052 generates $5,374/mo in rent, after a $4,400/mo payment. Total monthly income is $5,374/mo. Return on cash invested sits at 15.87% in year one, and rental yield is 7.17% on a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 82.38% and total cumulative return in cash sums $243,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,374/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.37 Acres 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: Bonita Areman • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4006928