224A Neptune AveJersey 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
Rental property for sale in Jersey City at 224A Neptune Ave, Jersey City, NJ, 07305 priced at $439,000 pairs $3,254/mo rent with $125/mo cash flow after a $2,149/mo payment. Total monthly income equals $3,254/mo, and annual cash flow comes to $1,495/yr on $145,529 invested. Return on cash invested is 20.94% in year one, and rental yield stands at 8.89% on a $439,000 basis. Equity gained on principal adds $2,833/yr, and 5% annual appreciation accumulates to $121,288 by year five. Five-year ROI measures 109.59% and total cumulative return in cash reaches $159,488. For financing, Ziffy Mortgage’s DSCR program evaluates $3,254/mo property income against a $2,149/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
1,306 sqft 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: Joyce Kaczmarek • Daunno Realty Services Llc
Mls Name: GSMLS
Mls ID: #3981789