518 Bloomfield AveNutleyNJ07110
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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 Nutley at 518 Bloomfield Ave, Nutley, NJ, 07110 offers $4,958/mo rent that, after a $3,600/mo payment. Total monthly income is $4,958/mo. Return on cash invested measures 18.65% in year one, and rental yield stands at 8.09% at a $735,500 entry. Equity gained on principal adds $4,746/yr while 5% annual appreciation compounds into $203,205 by year five. Five-year ROI records 97.3% and total cumulative return in cash reaches $235,441. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,958/mo property income versus a $3,600/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07110, Nutley, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,190 (100%) |
| Owner Occupied HU | 7,777 (63.8%) |
| Renter Occupied HU | 4,070 (33.4%) |
| Vacant Housing Units | 343 ( 2.8%) |
| Median Home Value | $542,138 |
| Average Home Value | $574,017 |
Housing Distribution
Address Breakdown
Residential
11,752
Single Family
9,722
Multi-Family
2,030
Businesses
925
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Listed by: Destiny Gonzalez • Mendez Grp Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3966533
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