16 Sayre StElizabethNJ07208
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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
Investment property for sale in Elizabeth at 16 Sayre St, Elizabeth, NJ, 07208 at $624,999 posts ROI 10.13% with from $2,754/mo rent. Total monthly income equals $2,754/mo. Return on cash invested measures 10.13% and rental yield reads 5.29% at the current $624,999. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 by year five. Five-year ROI prints 51.64% and total cumulative return in cash totals $106,188. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,754/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07208, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,023 (100%) |
| Owner Occupied HU | 3,405 (26.1%) |
| Renter Occupied HU | 9,116 (70.0%) |
| Vacant Housing Units | 502 ( 3.9%) |
| Median Home Value | $497,587 |
| Average Home Value | $535,273 |
Housing Distribution
Address Breakdown
Residential
11,878
Single Family
6,343
Multi-Family
5,535
Businesses
668
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Nearby investment properties with comparable prices
Listed by: Johann Ramirez • Century 21 Jrs Realty
Mls Name: GSMLS
Mls ID: #4006043