378 Hoover Ave BLDG 10 #149BloomfieldNJ07003
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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 Bloomfield at 378 Hoover Ave BLDG 10 #149, Bloomfield, NJ, 07003 earns $63/mo cash flow from $2,166/mo rent with a $1,444/mo payment. Total monthly income totals $2,166/mo, and annual cash flow totals $758/yr on $97,793 capital. ROI tracks 20.68% on current figures, and rental yield reads 8.81% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 108.27% and total cumulative return in cash sums $105,878. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,166/mo property income instead of your personal income.
Condo
Built in 1971
4.40 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
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Listed by: Jeffrey Lattimer Jr. • Lattimer Realty
Mls Name: GSMLS
Mls ID: #4006401