349 Bloomfield Ave #117VeronaNJ07044
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 11.35% yield at 349 Bloomfield Ave #117, Verona, NJ, 07044 in Verona is solid, but the $1,574/mo payment compresses net cash flow to $175/mo at $350,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $96,699 by year five, and $3,224/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.10) without U.S. income documentation. Total projected return: $186,631.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.2% |
| Monthly Cash Flow | $175 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,310 |
| Total Monthly Debt Service | $2,355 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07044, Verona, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,360 (100%) |
| Owner Occupied HU | 4,671 (73.4%) |
| Renter Occupied HU | 1,443 (22.7%) |
| Vacant Housing Units | 246 ( 3.9%) |
| Median Home Value | $658,491 |
| Average Home Value | $741,076 |
Housing Distribution
Address Breakdown
Residential
5,943
Single Family
4,342
Multi-Family
1,601
Businesses
469
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
Condo
Built in N/A
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07044, Verona, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,360 (100%) |
| Owner Occupied HU | 4,671 (73.4%) |
| Renter Occupied HU | 1,443 (22.7%) |
| Vacant Housing Units | 246 ( 3.9%) |
| Median Home Value | $658,491 |
| Average Home Value | $741,076 |
Housing Distribution
Address Breakdown
Residential
5,943
Single Family
4,342
Multi-Family
1,601
Businesses
469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill K. Biggs • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4005321