119 Clendenny Ave APT 3LJersey CityNJ07304
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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 119 Clendenny Ave APT 3L, Jersey City, NJ, 07304 offers a 8.56% rental yield on a $215,000 purchase with $1,534/mo rent. Total monthly income registers $1,534/mo, and a $1,052/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $22/yr on $71,273 to close, and return on cash invested stands at 19.94% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 104.24% and total cumulative return in cash at $74,293. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,534/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07304, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,319 (100%) |
| Owner Occupied HU | 4,471 (20.0%) |
| Renter Occupied HU | 15,345 (68.8%) |
| Vacant Housing Units | 2,503 (11.2%) |
| Median Home Value | $571,772 |
| Average Home Value | $619,563 |
Housing Distribution
Address Breakdown
Residential
20,282
Single Family
9,517
Multi-Family
10,765
Businesses
1,035
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Listed by: EVELYN ADAMES HOQUE • REAL
Mls Name: HCMLS
Mls ID: #250015825
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.