33 Chobot LnElmwood ParkNJ07407
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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 Elmwood Park at 33 Chobot Ln, Elmwood Park, NJ, 07407 at $556,500 posts ROI 16.08% with from $3,360/mo rent. Total monthly income equals $3,360/mo. Return on cash invested measures 16.08% and rental yield reads 7.25% at the current $556,500. Equity gained on principal adds $3,591/yr, and 5% annual appreciation supports $153,751 by year five. Five-year ROI prints 83.55% and total cumulative return in cash totals $152,974. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,360/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,237 (100%) |
| Owner Occupied HU | 4,582 (55.6%) |
| Renter Occupied HU | 3,162 (38.4%) |
| Vacant Housing Units | 493 ( 6.0%) |
| Median Home Value | $514,801 |
| Average Home Value | $515,318 |
Housing Distribution
Address Breakdown
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
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Listed by: Justin Marchese • Aldo's Realty
Mls Name: NJMLS
Mls ID: #25041185