231 Clark PlElizabethNJ07206
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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 231 Clark Pl, Elizabeth, NJ, 07206 with 5% annual appreciation on a $629,000 basis while $2,902/mo rent supports operations. 89% in year one. Equity gained on principal adds $4,059/yr, and five-year appreciation sums $173,781 alongside rental yield of 5.54%. Five-year ROI measures 55.69% and total cumulative return in cash totals $115,245. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,902/mo property income versus a $3,079/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07206, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,664 (100%) |
| Owner Occupied HU | 2,211 (22.9%) |
| Renter Occupied HU | 6,964 (72.1%) |
| Vacant Housing Units | 489 ( 5.1%) |
| Median Home Value | $469,591 |
| Average Home Value | $536,483 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
6,372
Multi-Family
1,412
Businesses
636
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Listed by: ANDRES OSPINA • KELLER WILLIAMS PARK VIEWS
Mls Name: HCMLS
Mls ID: #250005525
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.