255 Franklin StElizabethNJ07206
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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 255 Franklin St, Elizabeth, NJ, 07206 at $655,000 posts ROI 12.25% with from $3,266/mo rent. Total monthly income equals $3,266/mo. Return on cash invested measures 12.25% and rental yield reads 5.98% at the current $655,000. Equity gained on principal adds $4,227/yr, and 5% annual appreciation supports $180,964 by year five. Five-year ROI prints 62.99% and total cumulative return in cash totals $135,731. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,266/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1880
2,500 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
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Listed by: ARMANDO PINA • MONOPOLY MARC REALTY LLC
Mls Name: All Jersey MLS
Mls ID: #2609495R