60 Parkway Dr #8EEast OrangeNJ07017
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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 East Orange at 60 Parkway Dr #8E, East Orange, NJ, 07017 offers a 11.51% rental yield on a $199,999 purchase with $1,919/mo rent. 72% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 96.45% and total cumulative return in cash at $63,944. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,919/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1962
211.22 sqft lot
$N/A/sqft
$608 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Ashley Pollard • Re/Max First Realty Ii
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957161
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