124 Storms Ave #4JJersey 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
Rental property for sale in Jersey City at 124 Storms Ave #4J, Jersey City, NJ, 07306 generates $2,530/mo in rent and, after a $1,713/mo payment, leaves $35/mo in cash flow. Total monthly income is $2,530/mo, and annual cash flow is $424/yr on $116,025 invested. Return on cash invested sits at 20.27% in year one, and rental yield is 8.67% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 106.05% and total cumulative return in cash sums $123,050. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,530/mo property income rather than buyer’s personal income.
Condo
Built in 1950
8,276 sqft 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: Gurkamal Singh • C-21 Main Street Realty
Mls Name: GSMLS
Mls ID: #4003676