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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bloomfield at 37 Farrand St #PENTHOUSE 402, Bloomfield, NJ, 07003 generates $3,095/mo in rent, after a $3,421/mo payment. Total monthly income is $3,095/mo. Return on cash invested sits at 10.21% in year one, and rental yield is 5.31% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 52.05% and total cumulative return in cash sums $119,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,095/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.
| 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 |
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
Date | Event | Price |
|---|---|---|
| 2025-10-30 | Listed for sale | $699,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: LISA KRAUSE • NEW AND MODERN GROUP LLC
Mls Name: HCMLS
Mls ID: #250022403
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
