211 Summit Ave #3Jersey CityNJ07304
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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 211 Summit Ave #3, Jersey City, NJ, 07304 priced at $651,200 pairs $3,583/mo rent with after a $3,187/mo payment. Total monthly income equals $3,583/mo. Return on cash invested is 12.18% in year one, and rental yield stands at 6.6% on a $651,200 basis. Equity gained on principal adds $4,202/yr, and 5% annual appreciation accumulates to $179,915 by year five. Five-year ROI measures 63.3% and total cumulative return in cash reaches $135,618. For financing, Ziffy Mortgage’s DSCR program evaluates $3,583/mo property income against a $3,187/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$349 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07304, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,319 (100%) |
| Owner Occupied HU | 4,471 (20.0%) |
| Renter Occupied HU | 15,345 (68.8%) |
| Vacant Housing Units | 2,503 (11.2%) |
| Median Home Value | $571,772 |
| Average Home Value | $619,563 |
Housing Distribution
Address Breakdown
Residential
20,282
Single Family
9,517
Multi-Family
10,765
Businesses
1,035
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Listed by: N/A • N/A
Mls Name: StreetEasy
Mls ID: #S1737267