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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 Elizabeth at 1038 Edgewood Rd, Elizabeth, NJ, 07208 at $585,000 posts ROI 13.52% with from $3,120/mo rent. Total monthly income equals $3,120/mo. Return on cash invested measures 13.52% and rental yield reads 6.4% at the current $585,000. Equity gained on principal adds $3,775/yr, and 5% annual appreciation supports $161,625 by year five. Five-year ROI prints 69.77% and total cumulative return in cash totals $134,286. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,120/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07208, Elizabeth, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,023 (100%) |
| Owner Occupied HU | 3,405 (26.1%) |
| Renter Occupied HU | 9,116 (70.0%) |
| Vacant Housing Units | 502 ( 3.9%) |
| Median Home Value | $497,587 |
| Average Home Value | $535,273 |
Residential
11,878
Single Family
6,343
Multi-Family
5,535
Businesses
668
Date | Event | Price |
|---|---|---|
| 2025-07-03 | Sold | $585,000 |
| 2025-05-29 | Pending sale | $579,000 |
| 2025-05-09 | Listed for sale | $579,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Pablo A. Boccardo • Signature Realty Nj
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961951
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
