117 Corbin Ave APT 405Jersey CityNJ07306
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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
Investment property for sale in Jersey City at 117 Corbin Ave APT 405, Jersey City, NJ, 07306 earns $366/mo cash flow from $2,112/mo rent with a $1,199/mo payment. Total monthly income totals $2,112/mo, and annual cash flow totals $4,390/yr on $81,218 capital. ROI tracks 25.31% on current figures, and rental yield reads 10.34% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 133.07% and total cumulative return in cash sums $108,072. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,112/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07306, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,781 (100%) |
| Owner Occupied HU | 5,055 (17.6%) |
| Renter Occupied HU | 19,877 (69.1%) |
| Vacant Housing Units | 3,849 (13.4%) |
| Median Home Value | $612,577 |
| Average Home Value | $651,621 |
Housing Distribution
Address Breakdown
Residential
24,144
Single Family
9,038
Multi-Family
15,106
Businesses
1,831
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Listed by: MICHELLE MUMOLI • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #260001498