48 Broughton Ave #2BloomfieldNJ07003
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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 48 Broughton Ave #2, Bloomfield, NJ, 07003 earns $469/mo cash flow from $5,280/mo rent with a $3,304/mo payment. Total monthly income totals $5,280/mo, and annual cash flow totals $5,622/yr on $222,075 capital. ROI tracks 22.59% on current figures, and rental yield reads 9.39% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 118.44% and total cumulative return in cash sums $263,031. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,280/mo property income instead of your personal income.
Multi Family
Built in 1956
6,534 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: Cynthia L. Veniskey • Vri Homes
Mls Name: GSMLS
Mls ID: #4001318