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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% |
Investment property for sale in Bloomfield at 42 Lawrence St, Bloomfield, NJ, 07003 offers a 9.91% rental yield on a $525,000 purchase with $4,336/mo rent. Total monthly income registers $4,336/mo, and a $2,570/mo payment leaves $594/mo available for distribution. Annual cash flow reaches $7,122/yr on $172,725 to close, and return on cash invested stands at 24.18% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 126.98% and total cumulative return in cash at $219,333. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,336/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
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 |
|---|---|---|
| 2025-03-13 | Listed for sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-14 | $8907.39 | 5.93% | $262,600 | N/A |
| 2023-03-14 | $8408.45 | 1.88% | $262,600 | N/A |
| 2022-03-14 | $8253.52 | 1.55% | $262,600 | N/A |
Listed by: Michele Chiles-Hickman • Berkshire Hathaway Home Services Fox & Roach Realtors - Montclair
Mls Name: NJMLS
Mls Provider:
Mls ID: #25007938
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-03-14 07:47:28 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
