50 Montgomery StBloomfieldNJ07003
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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 50 Montgomery St, Bloomfield, NJ, 07003 priced at $865,000 pairs $3,847/mo rent with after a $4,234/mo payment. Total monthly income equals $3,847/mo. Return on cash invested is 10.28% in year one, and rental yield stands at 5.34% on a $865,000 basis. Equity gained on principal adds $5,582/yr, and 5% annual appreciation accumulates to $238,984 by year five. Five-year ROI measures 52.44% and total cumulative return in cash reaches $149,235. For financing, Ziffy Mortgage’s DSCR program evaluates $3,847/mo property income against a $4,234/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
7,840 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: Shibu Thomas • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #3982339