31 Benson St, Bloomfield, NJ, 07003 | 7.06% Rental Yield

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31 Benson St, Bloomfield, NJ, 07003 | 7.06% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomfield at 31 Benson St, Bloomfield, NJ, 07003 listed at $775,000 pairs $4,560/mo rent with a $3,793/mo payment. Total monthly income runs $4,560/mo. Return on cash invested measures 15.52% in year one, and rental yield registers 7.06% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 80.55% and total cumulative return in cash totals $205,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,560/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1894

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 31 Benson St, located on a quiet side street at the border of Bloomfield & Glen Ridge. This beautiful house is spacious & has been meticulously maintained. It boasts a renovated kitchen with stainless steel appliances, quartz countertops, center island, and pantry. The dining & living room are open and inviting spaces that exude an elegance due to the high ceilings, gleaming hardwood floors, and large windows that bring in abundant light. The ever-so-important first floor powder room, tucked away at the back, completes the main level. Upstairs, you will find 3 bedrooms, including a primary with en-suite. There is also another full bath on this level. The walk-up attic is a great flex space, as it boasts a 12 foot ceiling. The finished basement can be used as a playroom, office or exercise room, as it has a 1/2 bath and a walkout to the rear of the property. The backyard was fully fenced in by the current owners and offers both green space and a good-sized deck. And let's not forget the central air conditioning that was recently installed. This house is located .7 miles from the Glen Ridge train station, and close to schools, parks & shopping. This is a special house that you can easily move into and turn into your home.

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