387 Broughton AveBloomfieldNJ07003
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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 387 Broughton Ave, Bloomfield, NJ, 07003 with 5% annual appreciation on a $698,000 basis while $5,280/mo rent supports operations. Total monthly income totals $5,280/mo and a $3,416/mo payment preserves $305/mo for cash returns. Annual cash flow comes to $3,662/yr on $229,642 deployed, and return on cash invested reaches 21.65% in year one. Equity gained on principal adds $4,504/yr, and five-year appreciation sums $192,845 alongside rental yield of 9.08%. Five-year ROI measures 113.43% and total cumulative return in cash totals $260,472.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,280/mo property income versus a $3,416/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
4,356 sqft 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: Tomory Boyer • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4007208