60 Parkway Dr UNIT 11CEast 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
Rental property for sale in East Orange at 60 Parkway Dr UNIT 11C, East Orange, NJ, 07017 priced at $260,000 converts $2,562/mo rent into after a $1,273/mo obligation. Total monthly income equals $2,562/mo. Return on cash invested prints 16.79% in year one, and rental yield reads 11.82% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 92.05% and total cumulative return in cash sums $79,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,562/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Condo
Built in 2000
435.60 sqft lot
$N/A/sqft
$816 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Kerwin Lynch • Re/Max First Realty Ii
Mls Name: GSMLS
Mls Provider:
Mls ID: #3952751
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