589 Elizabeth StPerth AmboyNJ08861
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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 Perth Amboy at 589 Elizabeth St, Perth Amboy, NJ, 08861 with 5% annual appreciation on a $224,900 basis while $3,388/mo rent supports operations. Total monthly income totals $3,388/mo and a $1,101/mo payment preserves $1,785/mo for cash returns. Annual cash flow comes to $21,417/yr on $74,554 deployed, and return on cash invested reaches 48.64% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 18.08%. Five-year ROI measures 258.13% and total cumulative return in cash totals $192,445.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,388/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1909
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08861, Perth Amboy, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,371 (100%) |
| Owner Occupied HU | 6,465 (33.4%) |
| Renter Occupied HU | 12,239 (63.2%) |
| Vacant Housing Units | 667 ( 3.4%) |
| Median Home Value | $422,443 |
| Average Home Value | $464,147 |
Housing Distribution
Address Breakdown
Residential
16,845
Single Family
13,515
Multi-Family
3,330
Businesses
1,269
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Listed by: Navid Raoofi • RE/MAX FIRST REALTY II
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2504060R
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