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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% |
Investment property for sale in Bloomfield at 156 N 15th St, Bloomfield, NJ, 07003 listed at $559,999 pairs $5,280/mo rent with a $2,741/mo payment to leave $1,288/mo cash flow. Total monthly income runs $5,280/mo, and annual cash flow reaches $15,460/yr on $184,240 cash to close. Return on cash invested measures 28.45% in year one, and rental yield registers 11.31% at a $559,999 basis. Equity gained on principal adds $3,614/yr, and annual property appreciation at 5% supports $154,717 by year five. Five-year ROI tracks 149.87% and total cumulative return in cash totals $276,125. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,280/mo property income relative to a $2,741/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A 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 |
|---|---|---|
| 2024-10-04 | Price change | $559,999 |
| 2024-09-04 | Price change | $595,000 |
| 2024-07-24 | Listed for sale | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $10918.82 | 1.88% | $341,000 | N/A |
| 2022-10-16 | $10717.63 | 1.55% | $341,000 | N/A |
| 2021-10-16 | $10553.95 | 15.31% | $341,000 | N/A |
Listed by: Patrick Parker • Patrick Parker Realty
Mls Name: NJMLS
Mls Provider:
Mls ID: #24023809
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-10-16 02:23:33 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.
