660-672 N Broad St #B3, Elizabeth, NJ, 07208 | $411/mo Cash Flow

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660-672 N Broad St #B3, Elizabeth, NJ, 07208 | $411/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elizabeth at 660-672 N Broad St #B3, Elizabeth, NJ, 07208 listed at $310,000 pairs $2,620/mo rent with a $1,517/mo payment to leave $411/mo cash flow. Total monthly income runs $2,620/mo, and annual cash flow reaches $4,928/yr on $102,765 cash to close. Return on cash invested measures 24.7% in year one, and rental yield registers 10.14% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 129.81% and total cumulative return in cash totals $133,399. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,620/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1988

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of comfort, convenience, and style in this spacious 2-bedroom, 2-bath first-floor condo, ideally situated in one of Elizabeth's most sought-after neighborhoods. Flooded with natural light, this inviting home welcomes you with a freshly painted interior and sleek luxury vinyl flooring both completed in 2025, offering a modern touch ready for move-in.Step out onto your private balcony for morning coffee or evening relaxation just moments from the vibrant city. The open-concept living and dining areas create effortless flow for everyday living or entertaining, while two generous bedrooms offer restful privacy and ample closet space.Convenience abounds with an assigned parking space, plentiful visitor parking, and a coveted location just minutes from public transportation, shopping, and dining. Whether commuting, hosting friends, or simply unwinding, this condo effortlessly meets daily needs and lifestyle aspirations.Experience low-maintenance living in the heart of Elizabeth where urban access and peaceful comfort unite. Schedule your tour today and imagine your next chapter in this move-in-ready home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07208, Elizabeth, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,023 (100%)
Owner Occupied HU	3,405 (26.1%)
Renter Occupied HU	9,116 (70.0%)
Vacant Housing Units	502 ( 3.9%)
Median Home Value	$497,587
Average Home Value	$535,273