647 Scotland RdOrangeNJ07050
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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 Orange at 647 Scotland Rd, Orange, NJ, 07050 priced at $350,000 pairs $2,220/mo rent with after a $1,713/mo payment. Total monthly income equals $2,220/mo. Return on cash invested is 17.07% in year one, and rental yield stands at 7.61% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 88.87% and total cumulative return in cash reaches $103,106. For financing, Ziffy Mortgage’s DSCR program evaluates $2,220/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07050, Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,382 (100%) |
| Owner Occupied HU | 3,215 (22.4%) |
| Renter Occupied HU | 10,073 (70.0%) |
| Vacant Housing Units | 1,094 ( 7.6%) |
| Median Home Value | $391,935 |
| Average Home Value | $497,526 |
Housing Distribution
Address Breakdown
Residential
12,254
Single Family
7,156
Multi-Family
5,098
Businesses
833
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Listed by: Ethan Gorelick • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4005517