1614 Summit Ave APT 3Union CityNJ07087
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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 Union City at 1614 Summit Ave APT 3, Union City, NJ, 07087 earns $319/mo cash flow from $2,814/mo rent with a $1,713/mo payment. Total monthly income totals $2,814/mo, and annual cash flow totals $3,832/yr on $116,025 capital. ROI tracks 23.21% on current figures, and rental yield reads 9.65% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 121.8% and total cumulative return in cash sums $141,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,814/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: 07087, Union City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,036 (100%) |
| Owner Occupied HU | 4,775 (18.3%) |
| Renter Occupied HU | 19,382 (74.4%) |
| Vacant Housing Units | 1,879 ( 7.2%) |
| Median Home Value | $502,333 |
| Average Home Value | $541,116 |
Housing Distribution
Address Breakdown
Residential
23,513
Single Family
6,509
Multi-Family
17,004
Businesses
2,221
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Listed by: HIMANSHU SHAH • APNAGHAR REALTY LLC
Mls Name: HCMLS
Mls ID: #250015651