84 Reeve AveBloomingdaleNJ07403
Nearby investment properties with comparable rents
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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 Bloomingdale at 84 Reeve Ave, Bloomingdale, NJ, 07403 generates $1,904/mo in rent, after a $1,366/mo payment. Total monthly income is $1,904/mo. Return on cash invested sits at 14.23% in year one, and rental yield is 8.19% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 75.32% and total cumulative return in cash sums $69,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,904/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07403, Bloomingdale, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,166 (100%) |
| Owner Occupied HU | 2,141 (67.6%) |
| Renter Occupied HU | 874 (27.6%) |
| Vacant Housing Units | 151 ( 4.8%) |
| Median Home Value | $456,880 |
| Average Home Value | $499,813 |
Housing Distribution
Address Breakdown
Residential
3,070
Single Family
2,950
Multi-Family
120
Businesses
219
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Listed by: Jennifer Ellis • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3950216
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