221 Palmer StElizabethNJ07202
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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 Elizabeth at 221 Palmer St, Elizabeth, NJ, 07202 at $899,900 posts ROI 8.68% with from $3,607/mo rent. Total monthly income equals $3,607/mo. Return on cash invested measures 8.68% and rental yield reads 4.81% at the current $899,900. Equity gained on principal adds $5,807/yr, and 5% annual appreciation supports $248,626 by year five. Five-year ROI prints 43.84% and total cumulative return in cash totals $129,796. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,607/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2023
2,613 sqft 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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Nearby investment properties with comparable prices
Listed by: Christian Cobo • Bhgre Elite
Mls Name: GSMLS
Mls Provider:
Mls ID: #3988543
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