704-712 N Broad StElizabethNJ07208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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, Elizabeth, NJ, 07208 offers a 10.04% rental yield on a $304,999 purchase with $2,551/mo rent. Total monthly income registers $2,551/mo, and a $1,493/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,522/yr on $101,107 to close, and return on cash invested stands at 24.38% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 128.05% and total cumulative return in cash at $129,465. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,551/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meilyn Torres • Realty Of America
Mls Name: GSMLS
Mls ID: #4002605