660-672 N Broad St BLDG 668 #20 A, Elizabeth, NJ, 07208 | $268/mo Cash Flow

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660-672 N Broad St BLDG 668 #20 A, Elizabeth, NJ, 07208 | $268/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 BLDG 668 #20 A, Elizabeth, NJ, 07208 listed at $329,999 pairs $2,620/mo rent with a $1,615/mo payment to leave $268/mo cash flow. Total monthly income runs $2,620/mo, and annual cash flow reaches $3,216/yr on $109,395 cash to close. Return on cash invested measures 22.85% in year one, and rental yield registers 9.53% at a $329,999 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,173 by year five. Five-year ROI tracks 119.84% and total cumulative return in cash totals $131,098. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,620/mo property income relative to a $1,615/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

Welcome to this bright and spacious condominium featuring 2 bedrooms and 2 full bathrooms. Natural light pours in through the skylight, creating an airy and inviting living space. The modern layout includes an open living/dining area w/sliders to a Private balcony and a well-appointed kitchen w/under cabinet motion lighting.The primary suite offers its own private bathroom with special mirror lighting and a large walk-in closet, while the second bedroom and full bath provide comfort and flexibility for a home office. Added conveniences include full size washer/dryer, stand-up attic storage w/pull down steps for extra space, and a prime location for privacy and quiet. Projector and Screen included. One assigned parking space with additional ample guest parking available. Perfectly situated in Elizabeth. This home offers easy access to shopping, dining, transportation, Newark Liberty Airport and major highways.

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