704 712 N Broad St #8BElizabethNJ07208
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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 Elizabeth at 704 712 N Broad St #8B, Elizabeth, NJ, 07208 uses $99,119 cash to close to unlock $6,255/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $2,652/mo, and a $1,463/mo payment keeps the spread at $521/mo. Purchase price stands at $299,000, and rental yield measures 10.64% with $2,652/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 137.94% and total cumulative return in cash records $136,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,652/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1988
9,147 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,878
Single Family
6,343
Multi-Family
5,535
Businesses
668
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Listed by: Ana Deborah Ofsievich • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3993797