23 Orchard StBloomfieldNJ07003
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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 23 Orchard St, Bloomfield, NJ, 07003 listed at $692,000 pairs $4,381/mo rent with a $3,387/mo payment. Total monthly income runs $4,381/mo. Return on cash invested measures 17.15% in year one, and rental yield registers 7.6% at a $692,000 basis. Equity gained on principal adds $4,465/yr, and annual property appreciation at 5% supports $191,187 by year five. Five-year ROI tracks 89.27% and total cumulative return in cash totals $203,244. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,381/mo property income relative to a $3,387/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1919
6,969 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
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Listed by: N/A • N/A
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