660-672 N Broad St BLDG A #19, Elizabeth, NJ, 07208 | $197/mo Cash Flow

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660-672 N Broad St BLDG A #19, Elizabeth, NJ, 07208 | $197/mo Cash Flow | Ziffy

For Sale

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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 A #19, Elizabeth, NJ, 07208 offers a 9.25% rental yield on a $340,000 purchase with $2,620/mo rent. Total monthly income registers $2,620/mo, and a $1,664/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,360/yr on $112,710 to close, and return on cash invested stands at 22% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 115.32% and total cumulative return in cash at $129,978. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,620/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1988

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this bright and spacious top-floor apartment in the desirable Sunrise Manor. Renovated in 2022, this 2-bedroom, 2-bath home boasts cathedral ceilings and two skylights that fill the open-concept living and dining area with natural light. Enjoy a private balcony perfect for relaxing or entertaining. The kitchen features tile flooring, stainless steel appliances including stovetop with self-cleaning oven, and dishwasher. Gleaming hardwood floors run throughout the main living spaces. The primary suite includes a full bath and large walk-in closet, while the second bedroom offers flexibility for guests or a home office. Additional highlights include a separate washer and dryer in the laundry area, a stand-up attic with pull-down stairs for added storage, and three assigned parking spaces plus ample guest parking. Pet-friendly and ideally located near shopping, dining, public transit, Newark Liberty Airport, and major highways this home offers modern comfort and convenience.

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