157 Raab AveBloomfieldNJ07003
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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 Bloomfield at 157 Raab Ave, Bloomfield, NJ, 07003 offers $3,925/mo rent that, after a $3,326/mo payment. Total monthly income is $3,925/mo. Return on cash invested measures 14.07% in year one, and rental yield stands at 6.93% at a $679,500 entry. Equity gained on principal adds $4,385/yr while 5% annual appreciation compounds into $187,733 by year five. Five-year ROI records 73.14% and total cumulative return in cash reaches $163,511. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,925/mo property income versus a $3,326/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
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Listed by: Patricia Badia • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3922116
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