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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Elmwood Park at 1-3 Obal Ave, Elmwood Park, NJ, 07407 priced at $799,000 converts $4,560/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,560/mo. Return on cash invested prints 14.88% in year one, and rental yield reads 6.85% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 77.07% and total cumulative return in cash sums $202,602. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,237 (100%) |
| Owner Occupied HU | 4,582 (55.6%) |
| Renter Occupied HU | 3,162 (38.4%) |
| Vacant Housing Units | 493 ( 6.0%) |
| Median Home Value | $514,801 |
| Average Home Value | $515,318 |
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jee Mee Lim • RE/MAX NOW - Palisades Park
Mls Name: NJMLS
Mls ID: #25032875
