70 S Munn Ave #203East OrangeNJ07018
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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 East Orange at 70 S Munn Ave #203, East Orange, NJ, 07018 earns $128/mo cash flow from $1,944/mo rent with a $1,003/mo payment. Total monthly income totals $1,944/mo, and annual cash flow totals $1,538/yr on $67,958 capital. ROI tracks 22.17% on current figures, and rental yield reads 11.38% at a $205,000 purchase. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 over five years. Five-year ROI reaches 118.53% and total cumulative return in cash sums $80,550. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,944/mo property income instead of your personal income.
Condo
Built in 1955
N/A lot
$N/A/sqft
$355 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07018, East Orange, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,771 (100%) |
| Owner Occupied HU | 2,778 (20.2%) |
| Renter Occupied HU | 9,825 (71.3%) |
| Vacant Housing Units | 1,168 ( 8.5%) |
| Median Home Value | $342,735 |
| Average Home Value | $398,767 |
Housing Distribution
Address Breakdown
Residential
12,666
Single Family
5,230
Multi-Family
7,436
Businesses
723
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Listed by: Christopher Quinn • Century 21 Action Plus Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3979163
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