70 Bloomfield Ave #70Essex FellsNJ07021
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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
Rental property for sale in Essex Fells at 70 Bloomfield Ave #70, Essex Fells, NJ, 07021 generates $4,940/mo in rent and, after a $2,883/mo payment, leaves $742/mo in cash flow. Total monthly income is $4,940/mo, and annual cash flow is $8,899/yr on $193,781 invested. Return on cash invested sits at 24.65% in year one, and rental yield is 10.06% on a $589,000 entry. Equity gained on principal adds $3,801/yr, while 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 129.49% and total cumulative return in cash sums $250,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,940/mo property income rather than buyer’s personal income.
Townhouse
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07021, Essex Fells, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 725 (100%) |
| Owner Occupied HU | 644 (88.8%) |
| Renter Occupied HU | 33 ( 4.6%) |
| Vacant Housing Units | 48 ( 6.6%) |
| Median Home Value | $1,173,729 |
| Average Home Value | $1,298,680 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
794
Multi-Family
0
Businesses
62
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Listed by: Frank Laratta • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3977874