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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% |
Rental property for sale in Elizabeth at 715 Summer St #2, Elizabeth, NJ, 07202 generates $4,470/mo in rent, after a $4,503/mo payment. Total monthly income is $4,470/mo. Return on cash invested sits at 11.78% in year one, and rental yield is 5.83% on a $920,000 entry. Equity gained on principal adds $5,937/yr, while 5% annual appreciation builds toward $254,179 over five years. Five-year ROI reaches 60.48% and total cumulative return in cash sums $183,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,470/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07202, Elizabeth, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 3,622 (23.4%) |
| Renter Occupied HU | 11,281 (72.8%) |
| Vacant Housing Units | 594 ( 3.8%) |
| Median Home Value | $469,694 |
| Average Home Value | $508,231 |
Residential
14,461
Single Family
8,810
Multi-Family
5,651
Businesses
802
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: Juana Gomez-valdez • Premier Homes
Mls Name: GSMLS
Mls ID: #3974800
