2 Perry RdBloomfieldNJ07003
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bloomfield at 2 Perry Rd, Bloomfield, NJ, 07003 uses $232,836 cash to close to unlock $2,826/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $5,280/mo, and a $3,464/mo payment keeps the spread at $235/mo. Purchase price stands at $707,707, and rental yield measures 8.95% with $5,280/mo rent. Return on cash invested shows 21.27% in year one, and 5% annual appreciation builds toward $195,526 over five years. Five-year ROI reaches 111.37% and total cumulative return in cash records $259,319. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,280/mo property income covering a $3,464/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samuel H. Pica • Latorraca Realtors
Mls Name: GSMLS
Mls ID: #3995221