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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Elizabeth at 524 Broadway, Elizabeth, NJ, 07206 priced at $860,000 converts $1,500/mo rent into after a $4,209/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 0.42% in year one, and rental yield reads 2.09% against a $860,000 entry. Equity gained on principal adds $5,549/yr, while 5% annual appreciation compiles into $237,602 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $4,209/mo payment, not borrower’s personal income.
Multi Family
Built in 2003
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07206, Elizabeth, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,664 (100%) |
| Owner Occupied HU | 2,211 (22.9%) |
| Renter Occupied HU | 6,964 (72.1%) |
| Vacant Housing Units | 489 ( 5.1%) |
| Median Home Value | $469,591 |
| Average Home Value | $536,483 |
Residential
7,784
Single Family
6,372
Multi-Family
1,412
Businesses
636
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Carlos Gomez • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3976870
