259 Cory LnElmwood ParkNJ07407
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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 Elmwood Park at 259 Cory Ln, Elmwood Park, NJ, 07407 offers a 7.39% rental yield on a $455,000 purchase with $2,801/mo rent. 39% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 85.21% and total cumulative return in cash at $128,524. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,801/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,237 (100%) |
| Owner Occupied HU | 4,582 (55.6%) |
| Renter Occupied HU | 3,162 (38.4%) |
| Vacant Housing Units | 493 ( 6.0%) |
| Median Home Value | $514,801 |
| Average Home Value | $515,318 |
Housing Distribution
Address Breakdown
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
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Listed by: Barbara Palko • Aldo's Realty
Mls Name: NJMLS
Mls ID: #25037584