70 N Essex AveOrangeNJ07050
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
Investment Highlights
Investment property for sale in Orange at 70 N Essex Ave, Orange, NJ, 07050 uses $180,950 cash to close to unlock $28,472/yr annual cash flow and $2,373/mo monthly cash flow. Total monthly income runs $6,293/mo, and a $2,692/mo payment keeps the spread at $2,373/mo. Purchase price stands at $549,999, and rental yield measures 13.73% with $6,293/mo rent. Return on cash invested shows 35.8% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 189.23% and total cumulative return in cash records $342,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,293/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Multi Family
Built in 1884
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ami Yazmin Cruz • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4005432