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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% |
Rental property for sale in Elizabeth at 13 Berkeley Pl, Elizabeth, NJ, 07208 generates $3,396/mo in rent, after a $2,922/mo payment. Total monthly income is $3,396/mo. Return on cash invested sits at 14.81% in year one, and rental yield is 6.83% on a $597,000 entry. Equity gained on principal adds $3,852/yr, while 5% annual appreciation builds toward $164,940 over five years. Five-year ROI reaches 76.71% and total cumulative return in cash sums $150,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,396/mo property income rather than buyer’s personal income.
Condo
Built in 1925
N/A 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Thais Nina-hawkins • Christie's Int. Real Estate Group
Mls Name: GSMLS
Mls ID: #3980621
