310 1St AveElizabethNJ07206
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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
Total monthly income runs $2,820/mo, and a $4,155/mo payment. Purchase price stands at $849,000, and rental yield measures 3.99% with $2,820/mo rent. Return on cash invested shows 6.18% in year one, and 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 30.42% and total cumulative return in cash records $84,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $4,155/mo payment rather than investor’s personal income.
Multi Family
Built in 2006
N/A 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: Joao A Pereira • Re/Max New Millennium Group
Mls Name: GSMLS
Mls ID: #4006192