757 Floral AveElizabethNJ07208
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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
Investment property for sale in Elizabeth at 757 Floral Ave, Elizabeth, NJ, 07208 listed at $569,900 pairs $2,754/mo rent with a $2,789/mo payment. Total monthly income runs $2,754/mo. Return on cash invested measures 11.69% in year one, and rental yield registers 5.8% at a $569,900 basis. Equity gained on principal adds $3,677/yr, and annual property appreciation at 5% supports $157,453 by year five. Five-year ROI tracks 59.98% and total cumulative return in cash totals $112,470. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,754/mo property income relative to a $2,789/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1922
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07208, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,023 (100%) |
| Owner Occupied HU | 3,405 (26.1%) |
| Renter Occupied HU | 9,116 (70.0%) |
| Vacant Housing Units | 502 ( 3.9%) |
| Median Home Value | $497,587 |
| Average Home Value | $535,273 |
Housing Distribution
Address Breakdown
Residential
11,878
Single Family
6,343
Multi-Family
5,535
Businesses
668
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Listed by: Suselle Salermo • Re/Max First Realty Ii
Mls Name: GSMLS
Mls ID: #3991129