616 S Orange Ave, Skyhouse 4 BLDG 616 #SH4MaplewoodNJ07040
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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 Maplewood at 616 S Orange Ave, Skyhouse 4 BLDG 616 #SH4, Maplewood, NJ, 07040 earns from $3,574/mo rent with a $3,397/mo payment. Total monthly income totals $3,574/mo. ROI tracks 12.84% on current figures, and rental yield reads 6.18% at a $694,000 purchase. Equity gained on principal adds $4,478/yr, and 5% annual appreciation supports $191,739 over five years. Five-year ROI reaches 66.19% and total cumulative return in cash sums $151,120. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,574/mo property income instead of your personal income.
Condo
Built in 1991
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07040, Maplewood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,229 (100%) |
| Owner Occupied HU | 6,759 (73.2%) |
| Renter Occupied HU | 2,142 (23.2%) |
| Vacant Housing Units | 328 ( 3.6%) |
| Median Home Value | $744,270 |
| Average Home Value | $787,208 |
Housing Distribution
Address Breakdown
Residential
9,038
Single Family
7,357
Multi-Family
1,681
Businesses
879
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Listed by: Stephanie Mallios • Compass New Jersey, Llc
Mls Name: GSMLS
Mls ID: #4004702