609 W South Orange Ave 6P #6PSouth OrangeNJ07079
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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 South Orange at 609 W South Orange Ave 6P #6P, South Orange, NJ, 07079 uses $87,848 cash to close to unlock $8,270/yr annual cash flow and $689/mo monthly cash flow. Total monthly income runs $2,578/mo, and a $1,297/mo payment keeps the spread at $689/mo. Purchase price stands at $265,000, and rental yield measures 11.67% with $2,578/mo rent. Return on cash invested shows 29.32% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 154.59% and total cumulative return in cash records $135,807. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,578/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 1989
408 Acres lot
$N/A/sqft
No 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: Debbie A Rybka • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4001978