60 Parkway Dr E APT 2DDEast OrangeNJ07017
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Nearby investment properties with comparable prices
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 E APT 2DD, East Orange, NJ, 07017 offers a 10.83% rental yield on a $135,000 purchase with $1,218/mo rent. Total monthly income registers $1,218/mo, and a $661/mo payment leaves $247/mo available for distribution. Annual cash flow reaches $2,966/yr on $44,753 to close, and return on cash invested stands at 26.54% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 139.81% and total cumulative return in cash at $62,569. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,218/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Jennifer Love • Weichert Realtors, Westfield
Mls Name: NJMLS
Mls Provider:
Mls ID: #24016911
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