134 Cory Ln #134Elmwood 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
Investment property for sale in Elmwood Park at 134 Cory Ln #134, Elmwood Park, NJ, 07407 earns $187/mo cash flow from $2,706/mo rent with a $1,730/mo payment. Total monthly income totals $2,706/mo, and annual cash flow totals $2,238/yr on $117,185 capital. ROI tracks 21.82% on current figures, and rental yield reads 9.19% at a $353,500 purchase. Equity gained on principal adds $2,281/yr, and 5% annual appreciation supports $97,666 over five years. Five-year ROI reaches 114.33% and total cumulative return in cash sums $133,977. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,706/mo property income instead of your personal income.
Condo
Built in N/A
N/A 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: David Quinones Jr. • Coldwell Banker Garden State
Mls Name: NJMLS
Mls ID: #25041823