734 Broad St, Bloomfield, NJ, 07003 | $1,460/mo Cash Flow

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734 Broad St, Bloomfield, NJ, 07003 | $1,460/mo Cash Flow | Ziffy

Pending

Fix & Flip

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

Investment property for sale in Bloomfield at 734 Broad St, Bloomfield, NJ, 07003 listed at $435,000 pairs $4,560/mo rent with a $2,129/mo payment to leave $1,460/mo cash flow. Total monthly income runs $4,560/mo, and annual cash flow reaches $17,514/yr on $144,203 cash to close. Return on cash invested measures 32.05% in year one, and rental yield registers 12.58% at a $435,000 basis. Equity gained on principal adds $2,807/yr, and annual property appreciation at 5% supports $120,182 by year five. Five-year ROI tracks 169.22% and total cumulative return in cash totals $244,020. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,560/mo property income relative to a $2,129/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1926

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Unlock the potential of this charming 1920s style Cape Cod home in the sought-after section of Brookdale, Bloomfield. It's a smart opportunity to build equity in a prime location. Near NYC public transportation " perfect for commuters and across the street from Lion Gate Park, Close to houses of worship, parks, restaurants, art galleries, shopping, and more. The first floor boasts a living room and dining room with beautiful stained-glass windows, an enclosed porch, and chestnut arched doorways, hardwood floors throughout, an eat-in kitchen, 2 bedrooms, and a bathroom. Finished attic has a bedroom, bathroom, and a dormer room. A full basement with laundry. Whether you are an investor or a home buyer, you can transform this home into your vision with some TLC. This home is being sold as-is, but with the right updates, the value is undeniable. Recently identified an oil tank in the ground and has been removed, NO LEAKS, NO REMEDIATION NEEDED.

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