1169 Broad StBloomfieldNJ07003
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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
Investment property for sale in Bloomfield at 1169 Broad St, Bloomfield, NJ, 07003 earns $92/mo cash flow from $4,148/mo rent with a $2,785/mo payment. Total monthly income totals $4,148/mo, and annual cash flow totals $1,107/yr on $187,201 capital. ROI tracks 20.65% on current figures, and rental yield reads 8.75% at a $569,000 purchase. Equity gained on principal adds $3,672/yr, and 5% annual appreciation supports $157,204 over five years. Five-year ROI reaches 108.04% and total cumulative return in cash sums $202,259. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,148/mo property income instead of your personal income.
Single Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
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Listed by: Silvia Zappala • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4006662