185 State St, Bloomfield, NJ, 07003 | $1,003/mo Cash Flow

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185 State St, Bloomfield, NJ, 07003 | $1,003/mo Cash Flow | 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

Rental property for sale in Bloomfield at 185 State St, Bloomfield, NJ, 07003 priced at $600,000 converts $5,280/mo rent into $1,003/mo cash flow after a $2,937/mo obligation. Total monthly income equals $5,280/mo, and annual cash flow totals $12,036/yr on $197,400 invested. Return on cash invested prints 26.16% in year one, and rental yield reads 10.56% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 137.55% and total cumulative return in cash sums $271,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,280/mo property income covering a $2,937/mo payment, not borrower’s personal income.

Single Family

Built in 1903

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 4-bedroom, 2.5-bath home in Historic Bloomfield Township, offering comfort, convenience, and versatility. Inside, a thoughtfully designed layout features spacious bedrooms along with additional rooms that can be tailored to your lifestyle, perfect for a vanity room, home office, or even a private gym. An attic adds even more storage and flexible space to meet your needs.The home centers around a welcoming family room, creating a warm and functional flow that makes it easy to balance everyday living with entertaining.Step outside to your own private retreat. Host gatherings on the deck beneath a pergola, enjoy evenings by the fire pit, or relax beside the Koi pond. The backyard is enhanced by mature plantings, including an apple tree, cherry tree, grapevine, and berry bushes, creating a serene garden-like setting.Car enthusiasts and hobbyists will appreciate the oversized 2-car garage with an attached storage shed, offering excellent storage and utility space. The long driveway also accommodates up to 11 vehicles, ideal for effortless hosting.Ideally located just minutes from top-rated schools, NJ Transit, local buses, restaurants, shops, and Bloomfield's vibrant amenities, this property combines suburban tranquility with commuter convenience.Don't miss this rare opportunity to own a home that blends space, flexibility, and lifestyle in one of Bloomfield's most desirable neighborhoods. Schedule your showing today!

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