14 Spencer StElizabethNJ07202
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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 14 Spencer St, Elizabeth, NJ, 07202 generates $4,948/mo in rent, after a $4,645/mo payment. Total monthly income is $4,948/mo. Return on cash invested sits at 13.08% in year one, and rental yield is 6.26% on a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 67.42% and total cumulative return in cash sums $210,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,948/mo property income rather than buyer’s personal income.
Multi Family
Built in 2022
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07202, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 3,622 (23.4%) |
| Renter Occupied HU | 11,281 (72.8%) |
| Vacant Housing Units | 594 ( 3.8%) |
| Median Home Value | $469,694 |
| Average Home Value | $508,231 |
Housing Distribution
Address Breakdown
Residential
14,461
Single Family
8,810
Multi-Family
5,651
Businesses
802
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Listed by: Laura Sciove • Green Light Realty
Mls Name: GSMLS
Mls ID: #4004884