629 HAMILTON ROADSouth 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 629 HAMILTON ROAD, South Orange, NJ, 07079 offers a 5.3% rental yield on a $1,195,000 purchase with $5,281/mo rent. 34% in year one. Equity gained on principal adds $7,711/yr while 5% annual appreciation supports $330,156 over five years. Portfolio math shows five-year ROI at 52.69% and total cumulative return in cash at $203,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,281/mo property income against a $5,849/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
0.28 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: Victoria Carter • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4007150