6 Prospect 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
Investment property for sale in West Orange at 6 Prospect Pl, West Orange, NJ, 07052 uses $116,025 cash to close to unlock $17,584/yr annual cash flow and $1,465/mo monthly cash flow. Total monthly income runs $3,960/mo, and a $1,713/mo payment keeps the spread at $1,465/mo. Purchase price stands at $350,000, and rental yield measures 13.58% with $3,960/mo rent. Return on cash invested shows 35.06% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 185.37% and total cumulative return in cash records $215,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,960/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1870
3,049 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: Felix Rosario • Re/Max Professionals I
Mls Name: GSMLS
Mls ID: #3990647