833 Cleveland 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
Rental property for sale in Elizabeth at 833 Cleveland Ave, Elizabeth, NJ, 07208 priced at $589,900 converts $3,732/mo rent into after a $2,887/mo obligation. Total monthly income equals $3,732/mo. Return on cash invested prints 17.14% in year one, and rental yield reads 7.59% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 89.21% and total cumulative return in cash sums $173,133. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,732/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Single Family
Built in 1926
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: Jorge Casalins • Real
Mls Name: GSMLS
Mls ID: #4003922