255 Broadway APT 207, Bayonne, NJ, 07002 | $376/mo Cash Flow

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255 Broadway APT 207, Bayonne, NJ, 07002 | $376/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bayonne at 255 Broadway APT 207, Bayonne, NJ, 07002 uses $135,915 cash to close to unlock $4,516/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $3,299/mo, and a $2,007/mo payment keeps the spread at $376/mo. Purchase price stands at $410,000, and rental yield measures 9.66% with $3,299/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 121.91% and total cumulative return in cash records $165,695. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,299/mo property income covering a $2,007/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautiful and airy 2 bedroom 2 bath corner unit condo is now available in an elevator building in desirable downtown part of Bayonne right on Broadway. This apartment has it all with hardwood floors, granite countertops, stainless steel appliances, central A/C and washer/dryer in unit. This only 10 year old building is conveniently located close to all major transportation with a short walk to the Light Rail or to hop on Rt 440 or NJ Turnpike. It offers a comfortable and secure garage parking and convenience to shopping and restaurants on Broadway. Come see it for yourself.

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