90 Dewey StBloomfieldNJ07003
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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 Bloomfield at 90 Dewey St, Bloomfield, NJ, 07003 priced at $624,900 converts $5,486/mo rent into $1,031/mo cash flow after a $3,059/mo obligation. Total monthly income equals $5,486/mo, and annual cash flow totals $12,377/yr on $205,592 invested. Return on cash invested prints 26.08% in year one, and rental yield reads 10.53% against a $624,900 entry. Equity gained on principal adds $4,032/yr, while 5% annual appreciation compiles into $172,648 by year five. Five-year ROI reaches 137.15% and total cumulative return in cash sums $281,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,486/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1991
3,920 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
20,440
Single Family
14,128
Multi-Family
6,312
Businesses
1,460
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Listed by: Jeff Homsy • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4003975