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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% |
Investment property for sale in Bloomfield at 6 Palmer St, Bloomfield, NJ, 07003 at $599,900 posts ROI 21.79% with $284/mo cash flow from $4,560/mo rent. Total monthly income equals $4,560/mo, and annual cash flow records $3,411/yr on $197,367 to close. Return on cash invested measures 21.79% and rental yield reads 9.12% at the current $599,900. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 by year five. Five-year ROI prints 114.15% and total cumulative return in cash totals $225,292.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,968 (100%) |
| Owner Occupied HU | 10,598 (46.1%) |
| Renter Occupied HU | 11,569 (50.4%) |
| Vacant Housing Units | 801 ( 3.5%) |
| Median Home Value | $487,407 |
| Average Home Value | $534,557 |
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Price change | $599,900 |
| 2024-07-13 | Listed for sale | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $11495.18 | 1.88% | $359,000 | N/A |
| 2022-10-16 | $11283.37 | 1.55% | $359,000 | N/A |
| 2021-10-16 | $11111.05 | 4.89% | $359,000 | N/A |
Listed by: Aracely Lagos Rosero • Lagos Homes Real Estate Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3913123
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
