44 Sherman Ct #5F, Bloomfield, NJ, 07003 | 6.06% Rental Yield

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44 Sherman Ct #5F, Bloomfield, NJ, 07003 | 6.06% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Bloomfield at 44 Sherman Ct #5F, Bloomfield, NJ, 07003 offers $2,166/mo rent that, after a $2,100/mo payment. Total monthly income is $2,166/mo. Return on cash invested measures 12.38% in year one, and rental yield stands at 6.06% at a $429,000 entry. Equity gained on principal adds $2,768/yr while 5% annual appreciation compounds into $118,525 by year five. Five-year ROI records 63.7% and total cumulative return in cash reaches $90,589. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,166/mo property income versus a $2,100/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Magnificent Unit. Totally renovated with terrace and fireplace. Large master bedroom with an additional alcove, ideal for second bedroom or home office. New Kitchen with new SS appliances, Renovated Bath with double sinks and new fixtures. Gorgeous new hardwood floors. Building has 3 laundry floors, renovated exercise room, elevator, and parking is possible, there is a waiting list. Unit faces south/west, 3 blocks to Palisade Ave and Central Avenue. Near supermarket, and gourmet coffee shop as well as the best restaurants in the areas. Easy access to local and NYC transportation, including the light-rail et., Near 4 parks, tennis courts, jogging track, City pool, and ice rink.

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