104 W 16th StreetBayonneNJ07002
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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
Total monthly income runs $2,938/mo, and a $4,796/mo payment. Purchase price stands at $979,900, and rental yield measures 3.6% with $2,938/mo rent. Return on cash invested shows 5% in year one, and 5% annual appreciation builds toward $270,728 over five years. Five-year ROI reaches 24.09% and total cumulative return in cash records $77,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,938/mo property income covering a $4,796/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07002, Bayonne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,613 (100%) |
| Owner Occupied HU | 10,099 (31.0%) |
| Renter Occupied HU | 19,657 (60.3%) |
| Vacant Housing Units | 2,857 ( 8.8%) |
| Median Home Value | $518,170 |
| Average Home Value | $570,338 |
Housing Distribution
Address Breakdown
Residential
27,450
Single Family
16,572
Multi-Family
10,878
Businesses
1,590
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Listed by: James Hawkes • Berkshire Hathaway HomeServices Fox & Roach - Toms River
Mls Name: MoreMLS
Mls ID: #22537295