381 Mola BlvdElmwood ParkNJ07407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elmwood Park at 381 Mola Blvd, Elmwood Park, NJ, 07407 with 5% annual appreciation on a $530,000 basis while $3,440/mo rent supports operations. 74% in year one. Equity gained on principal adds $3,420/yr, and five-year appreciation sums $146,429 alongside rental yield of 7.79%. Five-year ROI measures 92.41% and total cumulative return in cash totals $161,131. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,440/mo property income versus a $2,594/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,237 (100%) |
| Owner Occupied HU | 4,582 (55.6%) |
| Renter Occupied HU | 3,162 (38.4%) |
| Vacant Housing Units | 493 ( 6.0%) |
| Median Home Value | $514,801 |
| Average Home Value | $515,318 |
Housing Distribution
Address Breakdown
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kanika St Thomas • Identity Properties
Mls Name: GSMLS
Mls ID: #4003395