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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 Bloomfield at 15 Grace St, Bloomfield, NJ, 07003 priced at $449,000 converts $3,776/mo rent into $575/mo cash flow after a $2,198/mo obligation. Total monthly income equals $3,776/mo, and annual cash flow totals $6,903/yr on $148,844 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 10.09% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 128.96% and total cumulative return in cash sums $191,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,776/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1954
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.
| 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 |
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
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: John W. Stephenson • Exit Platinum Realty
Mls Name: GSMLS
Mls ID: #3976674
