340 E 54thElmwood ParkNJ07407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 340 E 54th, Elmwood Park, NJ, 07407 offers a 2.15% rental yield on a $1,700,000 purchase with $3,046/mo rent. 61% in year one. Equity gained on principal adds $10,970/yr while 5% annual appreciation supports $469,679 over five years. Portfolio math shows five-year ROI at 0.49% and total cumulative return in cash at $2,719. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,046/mo property income against a $8,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
1.12 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Herminia Florimon • Keller Williams Realty NYC Grp
Mls Name: OneKey MLS
Mls ID: #923160