70 S Munn Ave #406East 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 #406, East Orange, NJ, 07018 listed at $210,000 pairs $1,704/mo rent with a $1,028/mo payment to leave $207/mo cash flow. Total monthly income runs $1,704/mo, and annual cash flow reaches $2,484/yr on $69,615 cash to close. Return on cash invested measures 23.48% in year one, and rental yield registers 9.74% at a $210,000 basis. Equity gained on principal adds $1,355/yr, and annual property appreciation at 5% supports $58,019 by year five. Five-year ROI tracks 123.19% and total cumulative return in cash totals $85,756. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,704/mo property income relative to a $1,028/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
N/A lot
$N/A/sqft
No 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: Jerome Starr • Keller Williams Mid-Town Direct
Mls Name: GSMLS
Mls ID: #3978305