201 Watchung Ave BLDG C #20BloomfieldNJ07003
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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 Bloomfield at 201 Watchung Ave BLDG C #20, Bloomfield, NJ, 07003 listed at $495,000 pairs $3,920/mo rent with a $2,423/mo payment to leave $392/mo cash flow. Total monthly income runs $3,920/mo, and annual cash flow reaches $4,698/yr on $164,093 cash to close. Return on cash invested measures 22.77% in year one, and rental yield registers 9.5% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 119.43% and total cumulative return in cash totals $195,970. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,920/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1990
2.24 Acres 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
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Listed by: Robert Lapidus • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3975296