113 2nd StElizabethNJ07206
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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 Elizabeth at 113 2nd St, Elizabeth, NJ, 07206 generates $2,929/mo in rent, after a $3,818/mo payment. Total monthly income is $2,929/mo. Return on cash invested sits at 7.76% in year one, and rental yield is 4.51% on a $780,000 entry. Equity gained on principal adds $5,033/yr, while 5% annual appreciation builds toward $215,500 over five years. Five-year ROI reaches 38.88% and total cumulative return in cash sums $99,772. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,929/mo property income rather than buyer’s personal income.
Multi Family
Built in 1960
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07206, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,664 (100%) |
| Owner Occupied HU | 2,211 (22.9%) |
| Renter Occupied HU | 6,964 (72.1%) |
| Vacant Housing Units | 489 ( 5.1%) |
| Median Home Value | $469,591 |
| Average Home Value | $536,483 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
6,372
Multi-Family
1,412
Businesses
636
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Listed by: Luz Irene Tangarife • The Arendel Group Llc
Mls Name: GSMLS
Mls ID: #3996872