29 Pitt 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 29 Pitt St, Bloomfield, NJ, 07003 at $900,000 posts ROI 7.06% with from $3,206/mo rent. Total monthly income equals $3,206/mo. Return on cash invested measures 7.06% and rental yield reads 4.27% at the current $900,000. Equity gained on principal adds $5,808/yr, and 5% annual appreciation supports $248,653 by year five. Five-year ROI prints 35.11% and total cumulative return in cash totals $103,968. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,206/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in N/A
3,049 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: Jouhaina Hawley • Hawley Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3969192
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