924 Monroe AveElizabethNJ07201
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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 924 Monroe Ave, Elizabeth, NJ, 07201 generates $3,593/mo in rent, after a $5,188/mo payment. Total monthly income is $3,593/mo. Return on cash invested sits at 6.53% in year one, and rental yield is 4.07% on a $1,060,000 entry. Equity gained on principal adds $6,840/yr, while 5% annual appreciation builds toward $292,858 over five years. Five-year ROI reaches 32.24% and total cumulative return in cash sums $110,713. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,593/mo property income rather than buyer’s personal income.
Multi Family
Built in 1927
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07201, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,169 (100%) |
| Owner Occupied HU | 2,398 (23.6%) |
| Renter Occupied HU | 7,254 (71.3%) |
| Vacant Housing Units | 517 ( 5.1%) |
| Median Home Value | $541,942 |
| Average Home Value | $555,021 |
Housing Distribution
Address Breakdown
Residential
8,938
Single Family
6,816
Multi-Family
2,122
Businesses
1,450
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Listed by: Tania Hernandez Faria • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2507554R
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