322 Court StElizabethNJ07206
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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 Elizabeth at 322 Court St, Elizabeth, NJ, 07206 offers a 5.37% rental yield on a $739,000 purchase with $3,308/mo rent. 39% in year one. Equity gained on principal adds $4,769/yr while 5% annual appreciation supports $204,172 over five years. Portfolio math shows five-year ROI at 53.01% and total cumulative return in cash at $128,876. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,308/mo property income against a $3,617/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
2,613 sqft 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: Maurice Negron • Lifestyle International Realty
Mls Name: GSMLS
Mls ID: #4004514