580 Bloomfield Ave #15BWest CaldwellNJ07006
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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 West Caldwell at 580 Bloomfield Ave #15B, West Caldwell, NJ, 07006 earns $83/mo cash flow from $3,190/mo rent with a $1,957/mo payment. Total monthly income totals $3,190/mo, and annual cash flow totals $995/yr on $132,567 capital. ROI tracks 20.66% on current figures, and rental yield reads 9.57% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 108.94% and total cumulative return in cash sums $144,416. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,190/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$257 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07006, Caldwell, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,270 (100%) |
| Owner Occupied HU | 7,543 (73.4%) |
| Renter Occupied HU | 2,341 (22.8%) |
| Vacant Housing Units | 386 ( 3.8%) |
| Median Home Value | $716,642 |
| Average Home Value | $793,495 |
Housing Distribution
Address Breakdown
Residential
10,103
Single Family
8,805
Multi-Family
1,298
Businesses
870
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Listed by: Geri Palermo • Howard Hanna Rand Realty
Mls Name: NJMLS
Mls Provider:
Mls ID: #25009541
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-03-27 07:49:21 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.