349 Bloomfield Ave UNIT 63VeronaNJ07044
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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 Verona at 349 Bloomfield Ave UNIT 63, Verona, NJ, 07044 uses $91,096 cash to close to unlock $7,359/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $2,963/mo, and a $1,345/mo payment keeps the spread at $613/mo. Purchase price stands at $274,800, and rental yield measures 12.94% with $2,963/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $75,922 over five years. Five-year ROI reaches 149.3% and total cumulative return in cash records $136,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,963/mo property income covering a $1,345/mo payment rather than investor’s personal income.
Condo
Built in 1948
0.49 Acres lot
$N/A/sqft
$391 monthly 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
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Listed by: Sophia V. Colitti • Arcadia, Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3940554
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