715 Broad St, Bloomfield, NJ, 07003 | 7.25% Rental Yield

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715 Broad St, Bloomfield, NJ, 07003 | 7.25% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Bloomfield at 715 Broad St, Bloomfield, NJ, 07003 priced at $799,000 converts $4,826/mo rent into after a $3,911/mo obligation. Total monthly income equals $4,826/mo. Return on cash invested prints 16.09% in year one, and rental yield reads 7.25% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 83.58% and total cumulative return in cash sums $219,714. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,826/mo property income covering a $3,911/mo payment, not borrower’s personal income.

Single Family

Built in 1935

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Set on an oversized lot in Bloomfield and backing directly to Lion Gate Park, this beautifully updated Brookdale Colonial combines timeless character with modern updates. Featuring 3 bedrooms, 2.1 baths, and an open-concept layout, the home offers a spacious living room with wood-burning fireplace, formal dining area, and family room with gas fireplace and sliders to a large entertaining deck.The modern kitchen showcases granite countertops, a breakfast bar, and stainless steel appliances. The expansive primary suite includes a vaulted ceiling, gas fireplace, updated en-suite bath, and a versatile loft space. Two additional bedrooms and a full bath complete the upper level.The finished lower level adds a recreation room, laundry, and powder room. Additional highlights include hardwood floors throughout, central air, a stone paver patio, and attached garage. Enjoy your private, fenced backyard oasis with direct park access just steps to the bus or Jitney to the train, and moments from shops, restaurants, and NYC transportation.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.

Housing Distribution

Housing Statistics

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