243 N 15Th 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 243 N 15Th St, Bloomfield, NJ, 07003 uses $135,882 cash to close to unlock $3,127/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $3,182/mo, and a $2,006/mo payment keeps the spread at $261/mo. Purchase price stands at $409,900, and rental yield measures 9.32% with $3,182/mo rent. Return on cash invested shows 22.21% in year one, and 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 116.42% and total cumulative return in cash records $158,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,182/mo property income covering a $2,006/mo payment rather than investor’s personal income.
Single Family
Built in 1942
2,613 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: Ryan Knab • Coldwell Banker Realty Fle
Mls Name: GSMLS
Mls ID: #4000658