2209 Kerrigan AveUnion CityNJ07087
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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 Union City at 2209 Kerrigan Ave, Union City, NJ, 07087 earns from $4,346/mo rent with a $3,195/mo payment. Total monthly income totals $4,346/mo. ROI tracks 18.35% on current figures, and rental yield reads 7.99% at a $652,700 purchase. Equity gained on principal adds $4,212/yr, and 5% annual appreciation supports $180,329 over five years. Five-year ROI reaches 95.68% and total cumulative return in cash sums $205,461. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,346/mo property income instead of your personal income.
Multi Family
Built in 1920
2,156 sqft lot
$N/A/sqft
No 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
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Listed by: N/A • N/A
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