656 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 656 Scotland Rd, Orange, NJ, 07050 priced at $348,000 converts $2,471/mo rent into after a $1,703/mo obligation. Total monthly income equals $2,471/mo. Return on cash invested prints 19.81% in year one, and rental yield reads 8.52% against a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation compiles into $96,146 by year five. Five-year ROI reaches 103.56% and total cumulative return in cash sums $119,470. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,471/mo property income covering a $1,703/mo payment, not borrower’s personal income.
Single Family
Built in 1889
5,662 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: Karen Peters • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3981070