347 Varick St #A-314ElizabethNJ07202
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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 347 Varick St #A-314, Elizabeth, NJ, 07202 earns from $2,222/mo rent with a $2,736/mo payment. Total monthly income totals $2,222/mo. ROI tracks 8.56% on current figures, and rental yield reads 4.77% at a $559,000 purchase. Equity gained on principal adds $3,607/yr, and 5% annual appreciation supports $154,441 over five years. Five-year ROI reaches 43.2% and total cumulative return in cash sums $79,455. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,222/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07202, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 3,622 (23.4%) |
| Renter Occupied HU | 11,281 (72.8%) |
| Vacant Housing Units | 594 ( 3.8%) |
| Median Home Value | $469,694 |
| Average Home Value | $508,231 |
Housing Distribution
Address Breakdown
Residential
14,461
Single Family
8,810
Multi-Family
5,651
Businesses
802
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Listed by: MARK TROMPETER • SERHANT NEW JERSEY LLC
Mls Name: HCMLS
Mls ID: #250020405