17 Leonard St #3Jersey CityNJ07307
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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 17 Leonard St #3, Jersey City, NJ, 07307 priced at $1,049,000 converts $2,665/mo rent into after a $5,134/mo obligation. Total monthly income equals $2,665/mo. Return on cash invested prints 3.38% in year one, and rental yield reads 3.05% against a $1,049,000 entry. Equity gained on principal adds $6,769/yr, while 5% annual appreciation compiles into $289,819 by year five. Five-year ROI reaches 15.38% and total cumulative return in cash sums $52,276. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,665/mo property income covering a $5,134/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07307, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,616 (100%) |
| Owner Occupied HU | 5,040 (27.1%) |
| Renter Occupied HU | 11,915 (64.0%) |
| Vacant Housing Units | 1,661 ( 8.9%) |
| Median Home Value | $675,535 |
| Average Home Value | $688,876 |
Housing Distribution
Address Breakdown
Residential
16,091
Single Family
8,649
Multi-Family
7,442
Businesses
832
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Listed by: ARPITA MENDEZ • CORCORAN SAWYER SMITH
Mls Name: HCMLS
Mls ID: #260000133