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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 Bloomfield at 71 Gillespie Rd, Bloomfield, NJ, 07003 with 5% annual appreciation on a $535,535 basis while $4,560/mo rent supports operations. Total monthly income totals $4,560/mo and a $2,621/mo payment preserves $743/mo for cash returns. Annual cash flow comes to $8,916/yr on $176,191 deployed, and return on cash invested reaches 25.12% in year one. Equity gained on principal adds $3,456/yr, and five-year appreciation sums $147,958 alongside rental yield of 10.22%. Five-year ROI measures 132% and total cumulative return in cash totals $232,564.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,560/mo property income versus a $2,621/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1929
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,968 (100%) |
| Owner Occupied HU | 10,598 (46.1%) |
| Renter Occupied HU | 11,569 (50.4%) |
| Vacant Housing Units | 801 ( 3.5%) |
| Median Home Value | $487,407 |
| Average Home Value | $534,557 |
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
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: Samuel H. Pica • Latorraca Realtors
Mls Name: GSMLS
Mls ID: #3995039
