108 Elm StElmwood ParkNJ07407
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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
Rental property for sale in Elmwood Park at 108 Elm St, Elmwood Park, NJ, 07407 generates $5,527/mo in rent and, after a $3,549/mo payment, leaves $359/mo in cash flow. Total monthly income is $5,527/mo, and annual cash flow is $4,306/yr on $238,525 invested. Return on cash invested sits at 21.87% in year one, and rental yield is 9.15% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 114.54% and total cumulative return in cash sums $273,197. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,527/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
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Listed by: Jennifer Enright • Coldwell Banker Realty Wyk
Mls Name: GSMLS
Mls ID: #3981104