353 Fay AveElizabethNJ07202
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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
Rental property for sale in Elizabeth at 353 Fay Ave, Elizabeth, NJ, 07202 priced at $699,900 pairs $3,154/mo rent with after a $3,426/mo payment. Total monthly income equals $3,154/mo. Return on cash invested is 10.5% in year one, and rental yield stands at 5.41% on a $699,900 basis. Equity gained on principal adds $4,516/yr, and 5% annual appreciation accumulates to $193,369 by year five. Five-year ROI measures 53.57% and total cumulative return in cash reaches $123,356. For financing, Ziffy Mortgage’s DSCR program evaluates $3,154/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1890
2,613 sqft 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: Christian Cobo • Bhgre Elite
Mls Name: GSMLS
Mls ID: #3979873