476 Joralemon Street #A-4BellevilleNJ07109
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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 Belleville at 476 Joralemon Street #A-4, Belleville, NJ, 07109 listed at $249,900 pairs $2,312/mo rent with a $1,223/mo payment to leave $531/mo cash flow. Total monthly income runs $2,312/mo, and annual cash flow reaches $6,371/yr on $82,842 cash to close. Return on cash invested measures 27.6% in year one, and rental yield registers 11.1% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 145.31% and total cumulative return in cash totals $120,374. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,312/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
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Listed by: Ray Albanese • Re/Max West
Mls Name: GSMLS
Mls ID: #4005200