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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Bloomfield at 241 N 16Th St, Bloomfield, NJ, 07003 uses $213,817 cash to close to unlock $7,771/yr annual cash flow and $648/mo monthly cash flow. Total monthly income runs $5,280/mo, and a $3,181/mo payment keeps the spread at $648/mo. Purchase price stands at $649,900, and rental yield measures 9.75% with $5,280/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 124.35% and total cumulative return in cash records $265,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,280/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Multi Family
Built in 1927
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.
| 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 |
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
Date | Event | Price |
|---|---|---|
| 2019-10-22 | Listing removed | $313,975 |
| 2019-10-21 | Price change | $313,975 |
| 2019-10-20 | Price change | $314,830 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-17 | $12947.26 | 5.93% | $381,700 | N/A |
| 2023-07-17 | $12222.03 | 1.88% | $381,700 | N/A |
| 2022-07-17 | $11996.83 | 1.55% | $381,700 | N/A |
Listed by: Julian Velasquez • Re/Max Professionals I
Mls Name: GSMLS
Mls Provider:
Mls ID: #3975832
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
