609 W South Orange Ave APT 2NSouth OrangeNJ07079
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
Rental property for sale in South Orange at 609 W South Orange Ave APT 2N, South Orange, NJ, 07079 generates $3,736/mo in rent and, after a $1,155/mo payment, leaves $768/mo in cash flow. Total monthly income is $3,736/mo, and annual cash flow is $9,215/yr on $78,234 invested. Return on cash invested sits at 31.69% in year one, and rental yield is 19% on a $236,000 entry. Equity gained on principal adds $1,523/yr, while 5% annual appreciation builds toward $65,202 over five years. Five-year ROI reaches 174.38% and total cumulative return in cash sums $136,422. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,736/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,286 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: Michael Morris • Vylla Home
Mls Name: NJMLS
Mls Provider:
Mls ID: #23020147
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: 2025-10-16 22:10:18 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.