Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 188 N 15th St, Bloomfield, NJ, 07003 generates $5,280/mo in rent and, after a $2,839/mo payment, leaves $1,146/mo in cash flow. Total monthly income is $5,280/mo, and annual cash flow is $13,749/yr on $190,812 invested. Return on cash invested sits at 27.27% in year one, and rental yield is 10.92% on a $579,975 entry. Equity gained on principal adds $3,742/yr, while 5% annual appreciation builds toward $160,236 over five years. Five-year ROI reaches 143.5% and total cumulative return in cash sums $273,817. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,280/mo property income rather than buyer’s personal income.
Multi Family
Built in 1926
3,484 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 |
|---|---|---|
| 2025-01-20 | Listed for sale | $579,975 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $9989.44 | -10.09% | $294,500 | N/A |
| 2023-01-28 | $11110.97 | N/A | $294,500 | N/A |
| 2022-01-28 | $11110.97 | N/A | $294,500 | N/A |
Listed by: Samuel H. Pica • Latorraca Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942157
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
