47 Darling AveBloomfieldNJ07003
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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 Bloomfield at 47 Darling Ave, Bloomfield, NJ, 07003 offers $4,115/mo rent that, after a $2,496/mo payment, leaves $320/mo cash flow. Total monthly income is $4,115/mo, and annual cash flow is $3,842/yr on $167,790 cash. Return on cash invested measures 22.35% in year one, and rental yield stands at 9.68% at a $510,000 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,904 by year five. Five-year ROI records 117.57% and total cumulative return in cash reaches $197,271. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,115/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
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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Nearby investment properties with comparable prices
Listed by: Melissa Davis • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3968863
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