239 Magnolia AveElizabethNJ07206
Nearby investment properties with comparable rents
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 239 Magnolia Ave, Elizabeth, NJ, 07206 offers a 5.29% rental yield on a $639,500 purchase with $2,820/mo rent. 15% in year one. Equity gained on principal adds $4,127/yr while 5% annual appreciation supports $176,682 over five years. Portfolio math shows five-year ROI at 51.7% and total cumulative return in cash at $108,773. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $3,130/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1880
2,613 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexandra Corticada • Exit Realty Lucky Associates
Mls Name: GSMLS
Mls ID: #3984883