340 E 54Th StElmwood 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
Total monthly income runs $3,046/mo, and a $8,321/mo payment. Purchase price stands at $1,700,000, and rental yield measures 2.15% with $3,046/mo rent. Return on cash invested shows 0.61% in year one, and 5% annual appreciation builds toward $469,679 over five years. Five-year ROI reaches 0.49% and total cumulative return in cash records $2,719. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,046/mo property income covering a $8,321/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.44 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
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Listed by: Elia Duran • Keller Williams Village Square
Mls Name: GSMLS
Mls ID: #3988741