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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elizabeth at 704-712 N Broad St BLDG 704 #3D, Elizabeth, NJ, 07208 uses $96,135 cash to close to unlock $6,640/yr annual cash flow and $553/mo monthly cash flow. Total monthly income runs $2,620/mo, and a $1,419/mo payment keeps the spread at $553/mo. Purchase price stands at $290,000, and rental yield measures 10.84% with $2,620/mo rent. Return on cash invested shows 26.82% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 141.16% and total cumulative return in cash records $135,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,620/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in 1988
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07208, Elizabeth, NJ area.
| 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 |
Residential
11,878
Single Family
6,343
Multi-Family
5,535
Businesses
668
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Albertina Goncalves • Re/Max In Action
Mls Name: GSMLS
Mls ID: #3985335
