675-681 Joralemon St B-6BellevilleNJ07109
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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 Belleville at 675-681 Joralemon St B-6, Belleville, NJ, 07109 uses $62,985 cash to close to unlock $9,080/yr annual cash flow and $757/mo monthly cash flow. Total monthly income runs $2,312/mo, and a $930/mo payment keeps the spread at $757/mo. Purchase price stands at $190,000, and rental yield measures 14.6% with $2,312/mo rent. Return on cash invested shows 34.32% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 182.79% and total cumulative return in cash records $115,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,312/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1960
0.52 Acres lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
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Listed by: Adriana L. Madeira • Redfin Corporation
Mls Name: GSMLS
Mls Provider:
Mls ID: #3916319
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