201-211 W Jersey St #205ElizabethNJ07202
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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 201-211 W Jersey St #205, Elizabeth, NJ, 07202 offers a 10.2% rental yield on a $349,900 purchase with $2,975/mo rent. Total monthly income registers $2,975/mo, and a $1,713/mo payment leaves $481/mo available for distribution. Annual cash flow reaches $5,767/yr on $115,992 to close, and return on cash invested stands at 24.88% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 130.74% and total cumulative return in cash at $151,650. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,975/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07202, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 3,622 (23.4%) |
| Renter Occupied HU | 11,281 (72.8%) |
| Vacant Housing Units | 594 ( 3.8%) |
| Median Home Value | $469,694 |
| Average Home Value | $508,231 |
Housing Distribution
Address Breakdown
Residential
14,461
Single Family
8,810
Multi-Family
5,651
Businesses
802
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Listed by: Melissa Gonzales • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3985587