238 Van Nostrand 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
Investment property for sale in Jersey City at 238 Van Nostrand Ave, Jersey City, NJ, 07305 listed at $975,000 pairs $3,355/mo rent with a $4,772/mo payment. Total monthly income runs $3,355/mo. Return on cash invested measures 6.61% in year one, and rental yield registers 4.13% at a $975,000 basis. Equity gained on principal adds $6,292/yr, and annual property appreciation at 5% supports $269,375 by year five. Five-year ROI tracks 32.75% and total cumulative return in cash totals $105,063. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,355/mo property income relative to a $4,772/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
N/A 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: MARY HENALLAH • AMERICAS ELITE GROUP LLC
Mls Name: HCMLS
Mls ID: #250024437