658 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 658 Magnolia Ave, Elizabeth, NJ, 07206 earns from $3,386/mo rent with a $3,181/mo payment. Total monthly income totals $3,386/mo. ROI tracks 13.06% on current figures, and rental yield reads 6.25% at a $649,900 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 over five years. Five-year ROI reaches 67.36% and total cumulative return in cash sums $144,018. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,386/mo property income instead of your personal income.
Multi Family
Built in 1935
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: Javier Diaz Tomas • Brookman Realty
Mls Name: GSMLS
Mls ID: #4005239