71 Erie StElizabethNJ07206
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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 Elizabeth at 71 Erie St, Elizabeth, NJ, 07206 priced at $690,000 pairs $3,008/mo rent with after a $3,377/mo payment. Total monthly income equals $3,008/mo. Return on cash invested is 9.96% in year one, and rental yield stands at 5.23% on a $690,000 basis. Equity gained on principal adds $4,452/yr, and 5% annual appreciation accumulates to $190,634 by year five. Five-year ROI measures 50.71% and total cumulative return in cash reaches $115,112. For financing, Ziffy Mortgage’s DSCR program evaluates $3,008/mo property income against a $3,377/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1900
1,873 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07206, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,664 (100%) |
| Owner Occupied HU | 2,211 (22.9%) |
| Renter Occupied HU | 6,964 (72.1%) |
| Vacant Housing Units | 489 ( 5.1%) |
| Median Home Value | $469,591 |
| Average Home Value | $536,483 |
Housing Distribution
Address Breakdown
Residential
7,784
Single Family
6,372
Multi-Family
1,412
Businesses
636
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Listed by: CYNTHIA KILKER • KELLER WILLIAMS ELITE REALTORS
Mls Name: All Jersey MLS
Mls ID: #2561636M