580 Monroe Ave #2ElizabethNJ07201
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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 Elizabeth at 580 Monroe Ave #2, Elizabeth, NJ, 07201 earns from $3,420/mo rent with a $3,328/mo payment. Total monthly income totals $3,420/mo. ROI tracks 12.41% on current figures, and rental yield reads 6.04% at a $680,000 purchase. Equity gained on principal adds $4,388/yr, and 5% annual appreciation supports $187,871 over five years. Five-year ROI reaches 63.84% and total cumulative return in cash sums $142,824. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,420/mo property income instead of your personal income.
Multi Family
Built in 1898
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07201, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,169 (100%) |
| Owner Occupied HU | 2,398 (23.6%) |
| Renter Occupied HU | 7,254 (71.3%) |
| Vacant Housing Units | 517 ( 5.1%) |
| Median Home Value | $541,942 |
| Average Home Value | $555,021 |
Housing Distribution
Address Breakdown
Residential
8,938
Single Family
6,816
Multi-Family
2,122
Businesses
1,450
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Listed by: Barbara Lopez • Realty One Group Legend
Mls Name: GSMLS
Mls ID: #4003695