142 Charles St #3C, Bloomfield, NJ, 07003 | 5.71% Rental Yield

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142 Charles St #3C, Bloomfield, NJ, 07003 | 5.71% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomfield at 142 Charles St #3C, Bloomfield, NJ, 07003 earns from $3,095/mo rent with a $3,181/mo payment. Total monthly income totals $3,095/mo. ROI tracks 11.43% on current figures, and rental yield reads 5.71% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 58.6% and total cumulative return in cash sums $125,306. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,095/mo property income instead of your personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

I am thrilled to present a unique opportunity to elevate your lifestyle with Residence 3C at The Packard JC, where modern elegance meets effortless comfort. This stunning two-bedroom, one-bathroom loft-style condo spans 1,006 sqft and is bathed in natural light from expansive windows that complement its soaring 12-foot ceilings. The living room also offers views of the World Trade Center. The sleek, open-concept design is enhanced by premium finishes, including stainless steel appliances, luxurious leathered granite countertops with a waterfall edge, and exquisite herringbone-patterned engineered hardwood floors. Enjoy the convenience of custom California-style closets, an in-unit washer/dryer, and a Navian on-demand tankless water heater. Additional dramatic features include concrete beams and exposed ductwork. The Packard JC, once the premiere showroom for the Packard Motor Car Company, has been revitalized into 14 new luxury condominiums, preserving its coveted Neo-Classical architectural details while incorporating modern amenities. Residents benefit from a Latch keyless entry system, Younity high-speed internet and secure WiFi included in the maintenance, and a dedicated package room. This elevator building offers a 5-year tax abatement and boasts steel and concrete construction. Its prime location near bustling Central Avenue provides easy access to restaurants, shopping, cafes, and parks. Transportation is effortless, with bus 125 at the corner and bus 119 to Port Authority/Congress Street Light Rail, offering easy connections to NYC and the Journal Square transportation hub. This is a rare gem that seamlessly blends style, sophistication, and functionality. I invite you to schedule your private showing today and experience The Packard JC firsthand.

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