1114 Elker Rd, Union, NJ, 07083 | $88/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1114 Elker Rd, Union, NJ, 07083 | $88/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Union at 1114 Elker Rd, Union, NJ, 07083 generates $3,902/mo in rent and, after a $2,619/mo payment, leaves $88/mo in cash flow. Total monthly income is $3,902/mo, and annual cash flow is $1,058/yr on $176,015 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 8.75% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 108.11% and total cumulative return in cash sums $190,288. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,902/mo property income rather than buyer’s personal income.

Single Family

Built in 1957

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this spacious and versatile split-level charmer that's ready to fit your lifestyle! The bright main living level offers an open layout filled with natural light ready for hosting or just enjoying your morning coffee in the sunny dining area. The kitchen features a convenient pass-through that keeps you connected while cooking up your favorite meals, and sliders lead right out to the deck for easy indoor-outdoor flow. Upstairs, you'll find three comfortable bedrooms and a full bathroom, while the top level is all about the primary suite: a private retreat complete with a generous WIC that's practically begging to be filled. Downstairs, the ground level provides extra flexibility with a family room, half bath, laundry area, and plenty of storage space. And just wait until you see the finished basement with its own kitchenette, bar area, and rec room, it's the ultimate hangout zone for movie nights, game days, or guests. Out back, enjoy a fenced yard with a deck, patio, pergola, and storage shed: a great setup for BBQs, gardening, or just soaking in some sunshine. Conveniently located just minutes from local bus transportation along Burnet Ave and a short stroll from the shops and restaurants of Morris Ave, this home truly has it all.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07083, Union, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,858 (100%)
Owner Occupied HU	14,421 (66.0%)
Renter Occupied HU	6,528 (29.9%)
Vacant Housing Units	909 ( 4.2%)
Median Home Value	$481,353
Average Home Value	$534,432