22 Marina DrBayonneNJ07002
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 Bayonne at 22 Marina Dr, Bayonne, NJ, 07002 with 5% annual appreciation on a $620,000 basis while $4,702/mo rent supports operations. Total monthly income totals $4,702/mo and a $3,035/mo payment preserves $282/mo for cash returns. Annual cash flow comes to $3,388/yr on $203,980 deployed, and return on cash invested reaches 21.72% in year one. Equity gained on principal adds $4,001/yr, and five-year appreciation sums $171,295 alongside rental yield of 9.1%. Five-year ROI measures 113.78% and total cumulative return in cash totals $232,095.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,702/mo property income versus a $3,035/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07002, Bayonne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,613 (100%) |
| Owner Occupied HU | 10,099 (31.0%) |
| Renter Occupied HU | 19,657 (60.3%) |
| Vacant Housing Units | 2,857 ( 8.8%) |
| Median Home Value | $518,170 |
| Average Home Value | $570,338 |
Housing Distribution
Address Breakdown
Residential
27,450
Single Family
16,572
Multi-Family
10,878
Businesses
1,590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: HABEEB HANEEF • NEW AND MODERN GROUP LLC
Mls Name: HCMLS
Mls ID: #250023830