609 South Orange Ave UNIT 2NSouth Orange VillageNJ07079
Nearby investment properties with comparable rents
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 South Orange Village at 609 South Orange Ave UNIT 2N, South Orange Village, NJ, 07079 listed at $488,000 pairs $3,053/mo rent with a $2,389/mo payment. Total monthly income runs $3,053/mo. Return on cash invested measures 8.69% in year one, and rental yield registers 7.51% at a $488,000 basis. Equity gained on principal adds $3,149/yr, and annual property appreciation at 5% supports $134,825 by year five. Five-year ROI tracks 46.87% and total cumulative return in cash totals $75,824. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,053/mo property income relative to a $2,389/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,086 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07079, South Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,962 (100%) |
| Owner Occupied HU | 4,124 (59.2%) |
| Renter Occupied HU | 2,404 (34.5%) |
| Vacant Housing Units | 434 ( 6.2%) |
| Median Home Value | $826,407 |
| Average Home Value | $847,887 |
Housing Distribution
Address Breakdown
Residential
6,435
Single Family
4,581
Multi-Family
1,854
Businesses
659
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Listed by: Ronnie Glomb • List for 1 Percent Realty
Mls Name: NJMLS
Mls Provider:
Mls ID: #24027653
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-10-16 05:53:35 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.