61 Crest DrSouth 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
Rental property for sale in South Orange at 61 Crest Dr, South Orange, NJ, 07079 priced at $1,685,000 converts $9,971/mo rent into after a $8,247/mo obligation. Total monthly income equals $9,971/mo. Return on cash invested prints 15.89% in year one, and rental yield reads 7.1% against a $1,685,000 entry. Equity gained on principal adds $10,873/yr, while 5% annual appreciation compiles into $465,534 by year five. Five-year ROI reaches 82.44% and total cumulative return in cash sums $450,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,971/mo property income covering a $8,247/mo payment, not borrower’s personal income.
Single Family
Built in 1937
0.52 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: Scott Shuman • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3984636