83 Hillman DrElmwood ParkNJ07407
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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
Rental property for sale in Elmwood Park at 83 Hillman Dr, Elmwood Park, NJ, 07407 offers $5,165/mo rent that, after a $3,132/mo payment, leaves $604/mo cash flow. Total monthly income is $5,165/mo, and annual cash flow is $7,244/yr on $210,560 cash. Return on cash invested measures 23.5% in year one, and rental yield stands at 9.68% at a $639,999 entry. Equity gained on principal adds $4,130/yr while 5% annual appreciation compounds into $176,820 by year five. Five-year ROI records 123.31% and total cumulative return in cash reaches $259,650. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,165/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1941
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07407, Elmwood Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,237 (100%) |
| Owner Occupied HU | 4,582 (55.6%) |
| Renter Occupied HU | 3,162 (38.4%) |
| Vacant Housing Units | 493 ( 6.0%) |
| Median Home Value | $514,801 |
| Average Home Value | $515,318 |
Housing Distribution
Address Breakdown
Residential
7,411
Single Family
7,283
Multi-Family
128
Businesses
614
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A