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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% |
Investment property for sale in Bloomfield at 102 N 16th St, Bloomfield, NJ, 07003 offers a 11.53% rental yield on a $440,000 purchase with $4,226/mo rent. Total monthly income registers $4,226/mo, and a $2,154/mo payment leaves $1,089/mo available for distribution. Annual cash flow reaches $13,072/yr on $145,860 to close, and return on cash invested stands at 28.87% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,564 over five years. Portfolio math shows five-year ROI at 152.14% and total cumulative return in cash at $221,914. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,226/mo property income against a $2,154/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
3,698 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,968 (100%) |
| Owner Occupied HU | 10,598 (46.1%) |
| Renter Occupied HU | 11,569 (50.4%) |
| Vacant Housing Units | 801 ( 3.5%) |
| Median Home Value | $487,407 |
| Average Home Value | $534,557 |
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
Date | Event | Price |
|---|---|---|
| 2025-07-26 | Listed for sale | $440,000 |
| 1996-10-29 | Sold | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-28 | $8944.70 | 7.34% | $263,700 | N/A |
| 2023-07-28 | $8333.04 | N/A | $263,700 | N/A |
| 2022-07-28 | $8333.04 | N/A | $263,700 | N/A |
Listed by: CELADAWN REID • KELLER WILLIAMS ELITE REALTORS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2601518R
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