45 Wells CtBloomfieldNJ07003
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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 45 Wells Ct, Bloomfield, NJ, 07003 earns from $4,505/mo rent with a $3,323/mo payment. Total monthly income totals $4,505/mo. ROI tracks 18.26% on current figures, and rental yield reads 7.96% at a $679,000 purchase. Equity gained on principal adds $4,381/yr, and 5% annual appreciation supports $187,595 over five years. Five-year ROI reaches 95.24% and total cumulative return in cash sums $212,747. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,505/mo property income instead of your personal income.
Single Family
Built in 1955
5,662 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: Elizabeth Green • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4007616