60 Parkway Dr UNIT 9MEast 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 9M, East Orange, NJ, 07017 generates $2,101/mo in rent, after a $1,101/mo payment. Total monthly income is $2,101/mo. Return on cash invested sits at 18.26% in year one, and rental yield is 11.21% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 98.76% and total cumulative return in cash sums $73,633. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,101/mo property income rather than buyer’s personal income.
Condo
Built in 2009
435.60 sqft lot
$N/A/sqft
$600 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Elisa Guerrero • Voro Nj Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3946342
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