171 Old Bergen Rd APT 201Jersey CityNJ07305
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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 171 Old Bergen Rd APT 201, Jersey City, NJ, 07305 uses $75,914 cash to close to unlock $79/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $1,639/mo, and a $1,121/mo payment keeps the spread at $7/mo. Purchase price stands at $229,000, and rental yield measures 8.59% with $1,639/mo rent. Return on cash invested shows 20.01% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 104.65% and total cumulative return in cash records $79,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,639/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07305, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,090 (100%) |
| Owner Occupied HU | 8,581 (31.7%) |
| Renter Occupied HU | 16,391 (60.5%) |
| Vacant Housing Units | 2,118 ( 7.8%) |
| Median Home Value | $484,092 |
| Average Home Value | $556,754 |
Housing Distribution
Address Breakdown
Residential
22,404
Single Family
13,978
Multi-Family
8,426
Businesses
1,042
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Listed by: TONY NABHAN • KELLER WILLIAMS CITY VIEWS
Mls Name: HCMLS
Mls ID: #260000651