824 Main Street BLDG 824 #JBellevilleNJ07109
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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 Belleville at 824 Main Street BLDG 824 #J, Belleville, NJ, 07109 uses $82,875 cash to close to unlock $6,356/yr annual cash flow and $530/mo monthly cash flow. Total monthly income runs $2,312/mo, and a $1,224/mo payment keeps the spread at $530/mo. Purchase price stands at $249,999, and rental yield measures 11.1% with $2,312/mo rent. Return on cash invested shows 27.58% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 145.21% and total cumulative return in cash records $120,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,312/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1973
7.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07109, Belleville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,919 (100%) |
| Owner Occupied HU | 7,493 (50.2%) |
| Renter Occupied HU | 6,796 (45.6%) |
| Vacant Housing Units | 630 ( 4.2%) |
| Median Home Value | $443,402 |
| Average Home Value | $487,879 |
Housing Distribution
Address Breakdown
Residential
13,696
Single Family
11,188
Multi-Family
2,508
Businesses
887
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Listed by: Sharon L. Conte • Realty Executives Elite Homes
Mls Name: GSMLS
Mls ID: #3992461