464-466 Walnut 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
Rental property for sale in Elizabeth at 464-466 Walnut St, Elizabeth, NJ, 07201 generates $3,246/mo in rent, after a $4,645/mo payment. Total monthly income is $3,246/mo. Return on cash invested sits at 6.54% in year one, and rental yield is 4.1% on a $949,000 entry. Equity gained on principal adds $6,124/yr, while 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 32.35% and total cumulative return in cash sums $100,992. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,246/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
0.26 Acres 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: Linus C. Korieocha • W. Chery Real Estate, Inc.
Mls Name: GSMLS
Mls ID: #3979894