6 Devonshire TerWest 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 Devonshire Ter, West Orange, NJ, 07052 priced at $695,000 converts $5,146/mo rent into $192/mo cash flow after a $3,402/mo obligation. Total monthly income equals $5,146/mo, and annual cash flow totals $2,302/yr on $228,655 invested. Return on cash invested prints 21.07% in year one, and rental yield reads 8.89% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 110.25% and total cumulative return in cash sums $252,102. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,146/mo property income covering a $3,402/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,840 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: Renee Spear • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #3982214