37 Benson St, Bloomfield, NJ, 07003 | 7.92% Rental Yield

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37 Benson St, Bloomfield, NJ, 07003 | 7.92% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomfield at 37 Benson St, Bloomfield, NJ, 07003 with 5% annual appreciation on a $799,999 basis while $5,280/mo rent supports operations. 13% in year one. Equity gained on principal adds $5,162/yr, and five-year appreciation sums $221,025 alongside rental yield of 7.92%. Five-year ROI measures 94.53% and total cumulative return in cash totals $248,815. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,280/mo property income versus a $3,916/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1940

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this classic single-family Colonial offering 4 spacious bedrooms and 2 full bathrooms, perfectly situated on a quiet residential street. With timeless curb appeal, and a covered front porch. This home combines comfort, convenience, and character.Step inside to find a sun-filled living room and a formal dining room with sliding doors that open to a rear deck perfect for entertaining or relaxing outdoors. The open-concept kitchen features ample cabinetry and a practical layout that flows seamlessly into the main living spaces. Throughout the home, you'll find a mix of ceramic tile and beautiful hardwood flooring that adds warmth and durability.Additional highlights include a full basement for storage or future finishing, off-street parking, and public utilities. Whether you're commuting or running errands, you'll appreciate the unbeatable location close to public transportation, shopping centers, employment hubs, schools, and major highways.Buyers are responsible for all town inspections and the Certificate of Occupancy (CO).Don't miss your opportunity to own in this convenient and desirable area! Bring your vision, personal touch and TLC.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,968 (100%)
Owner Occupied HU	10,598 (46.1%)
Renter Occupied HU	11,569 (50.4%)
Vacant Housing Units	801 ( 3.5%)
Median Home Value	$487,407
Average Home Value	$534,557