78 Maolis Ave, Bloomfield, NJ, 07003 | $469/mo Cash Flow

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78 Maolis Ave, Bloomfield, NJ, 07003 | $469/mo Cash Flow | Ziffy

Pending

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 78 Maolis Ave, Bloomfield, NJ, 07003 at $675,000 posts ROI 22.59% with $469/mo cash flow from $5,280/mo rent. Total monthly income equals $5,280/mo, and annual cash flow records $5,622/yr on $222,075 to close. Return on cash invested measures 22.59% and rental yield reads 9.39% at the current $675,000. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 by year five. Five-year ROI prints 118.44% and total cumulative return in cash totals $263,031.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,280/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1911

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 78 Maolis Avenue, a timeless gem brimming with classic charm. Located on a tree-lined street just a block from Glen Ridge, this stately home welcomes you with a beautiful front porch, perfect for sipping lemonade, while enjoying a summer breeze. Step inside to discover a stately front entrance hall with classic built-in details, high ceilings and beautiful hardwood floors throughout. The home is rich with elegant details, from high ceilings to beautiful moldings to a coffered ceiling in the dining room, with a fireplace, pocket doors, and original stained glass. Off the kitchen there is a half bathroom with convenient first floor laundry. Upstairs features 3 light-filled bedrooms and an office/nursery. The master bedroom boasts a walk-in closet, while the third floor offers another bedroom and a large storage area that could easily be converted into another bedroom or office space. Enjoy the extra living space and versatility of a full basement, with another full bathroom. There is a walk-out to a large paver patio, ideal for entertaining, a spacious yard and large driveway with a two-car garage. Situated near parks and easy transportation, this home is a rare blend of convenience and character. Come discover your perfect home in this desirable community.

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