616 South Orange Ave BLDG 616 #7GMaplewoodNJ07040
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing616 South Orange Ave BLDG 616 #7G, Maplewood, NJ, 07040 in Maplewood is a stable, well-positioned rental at $614,000. Rental yield 6.98%. DSCR 1.29 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $169,637 in value and $5,655/yr in principal paydown builds equity, a total projected return of $183,694.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.2% |
| Monthly Cash Flow | $(803) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,574 |
| Total Monthly Debt Service | $4,132 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lewis Michael Levinson • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3980693