261 12th St APT 5B, Hoboken, NJ, 07030 | $649/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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261 12th St APT 5B, Hoboken, NJ, 07030 | $649/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

Rental property for sale in Hoboken at 261 12th St APT 5B, Hoboken, NJ, 07030 generates $5,210/mo in rent and, after a $3,132/mo payment, leaves $649/mo in cash flow. Total monthly income is $5,210/mo, and annual cash flow is $7,784/yr on $210,560 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 9.77% on a $639,999 entry. Equity gained on principal adds $4,130/yr, while 5% annual appreciation builds toward $176,820 over five years. Five-year ROI reaches 124.68% and total cumulative return in cash sums $262,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,210/mo property income rather than buyer’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

An amazing opportunity to own a 2 bedroom, 1 bath condo located in heart of uptown Hoboken. This units special features include, beautiful exposed brick, skylight, extra high ceilings, hardwood floors throughout and shared washer /dryer room in basement. The layout and features gives you the opportunity to create a splendid space. Enjoy an open concept kitchen with a breakfast bar, multitude of cabinetry and extra lofty storage space. The spacious kitchen hosts a full set of appliances including the gas range, dishwasher and refrigerator. The larger primary bedroom includes a closet and built in wall AC unit. The guest room is great as a bedroom or home office and also includes a built in wall AC unit. Unit is digitally staged. This section of uptown Hoboken is near to public parking lots, the North West Resiliency Park, West Elm, fun restaurants, ShopRite and located just a block to Trader Joes!

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