1901 Summit Ave UNIT 305Union CityNJ07087
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1901 Summit Ave UNIT 305, Union City, NJ, 07087 earns from $4,090/mo rent with a $2,751/mo payment. Total monthly income totals $4,090/mo. ROI tracks 18.79% on current figures, and rental yield reads 8.73% at a $562,000 purchase. Equity gained on principal adds $3,627/yr, and 5% annual appreciation supports $155,270 over five years. Five-year ROI reaches 98.72% and total cumulative return in cash sums $182,529. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,090/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$279 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Xinchuan Tian • COLDWELL BANKER REALTY
Mls Name: HCMLS
Mls ID: #250002766
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.