232 Park Ave APT 2NHobokenNJ07030
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
Total monthly income runs $3,546/mo, and a $2,692/mo payment. Purchase price stands at $550,000, and rental yield measures 7.74% with $3,546/mo rent. Return on cash invested shows 17.58% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 91.56% and total cumulative return in cash records $165,670. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,546/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07030, Hoboken, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,308 (100%) |
| Owner Occupied HU | 9,103 (30.0%) |
| Renter Occupied HU | 19,036 (62.8%) |
| Vacant Housing Units | 2,169 ( 7.2%) |
| Median Home Value | $909,971 |
| Average Home Value | $1,031,969 |
Housing Distribution
Address Breakdown
Residential
29,540
Single Family
2,996
Multi-Family
26,544
Businesses
2,139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DANIEL SCHOENBAECHLER • KELLER WILLIAMS CITY LIFE REALTY
Mls Name: HCMLS
Mls ID: #250019349