580 Bloomfield Ave UNIT 19 AWest 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 UNIT 19 A, West Caldwell, NJ, 07006 listed at $375,000 pairs $2,958/mo rent with a $1,835/mo payment to leave $29/mo cash flow. Total monthly income runs $2,958/mo, and annual cash flow reaches $342/yr on $124,313 cash to close. Return on cash invested measures 20.18% in year one, and rental yield registers 9.47% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 106.47% and total cumulative return in cash totals $132,351. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,958/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
2.60 Acres 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: Robert Coppola • Keller Williams Suburban Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942198
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