282 Bloomfield AveBloomfieldNJ07003
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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 282 Bloomfield Ave, Bloomfield, NJ, 07003 offers a 10.3% rental yield on a $614,900 purchase with $5,280/mo rent. Total monthly income registers $5,280/mo, and a $3,010/mo payment leaves $897/mo available for distribution. Annual cash flow reaches $10,761/yr on $202,302 to close, and return on cash invested stands at 25.38% in year one. Equity gained on principal adds $3,968/yr while 5% annual appreciation supports $169,886 over five years. Portfolio math shows five-year ROI at 133.39% and total cumulative return in cash at $269,842. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,280/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A 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: Rodolfo Straube • Signature Realty NJ LLC
Mls Name: NJMLS
Mls ID: #25023833