41 Reid StElizabethNJ07201
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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 Elizabeth at 41 Reid St, Elizabeth, NJ, 07201 at $389,000 posts ROI 19.72% with from $2,752/mo rent. Total monthly income equals $2,752/mo. Return on cash invested measures 19.72% and rental yield reads 8.49% at the current $389,000. Equity gained on principal adds $2,510/yr, and 5% annual appreciation supports $107,474 by year five. Five-year ROI prints 103.06% and total cumulative return in cash totals $132,894. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,752/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1898
3,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07201, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,169 (100%) |
| Owner Occupied HU | 2,398 (23.6%) |
| Renter Occupied HU | 7,254 (71.3%) |
| Vacant Housing Units | 517 ( 5.1%) |
| Median Home Value | $541,942 |
| Average Home Value | $555,021 |
Housing Distribution
Address Breakdown
Residential
8,938
Single Family
6,816
Multi-Family
2,122
Businesses
1,450
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Listed by: Mayiya Alvarez • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3995642