609 West So Orange Ave, 4A BLDG 609 #ASouth 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 West So Orange Ave, 4A BLDG 609 #A, South Orange, NJ, 07079 listed at $350,000 pairs $2,435/mo rent with a $1,713/mo payment. Total monthly income runs $2,435/mo. Return on cash invested measures 7.67% in year one, and rental yield registers 8.35% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 42.65% and total cumulative return in cash totals $49,490. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,435/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
N/A lot
$N/A/sqft
$1,124 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: Stephanie Mallios • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3960015
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