612 Magnolia AveElizabethNJ07206
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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 612 Magnolia Ave, Elizabeth, NJ, 07206 listed at $775,000 pairs $2,820/mo rent with a $3,793/mo payment. Total monthly income runs $2,820/mo. Return on cash invested measures 7.34% in year one, and rental yield registers 4.37% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 36.64% and total cumulative return in cash totals $93,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,820/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1700
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07206, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,664 (100%) |
| Owner Occupied HU | 2,211 (22.9%) |
| Renter Occupied HU | 6,964 (72.1%) |
| Vacant Housing Units | 489 ( 5.1%) |
| Median Home Value | $469,591 |
| Average Home Value | $536,483 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
6,372
Multi-Family
1,412
Businesses
636
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Listed by: Monique Dixon • Re/Max First Realty Ii
Mls Name: GSMLS
Mls ID: #4007367