292 Forrest StJersey CityNJ07304
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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 292 Forrest St, Jersey City, NJ, 07304 priced at $929,000 pairs $5,320/mo rent with after a $4,547/mo payment. Total monthly income equals $5,320/mo. Return on cash invested is 14.95% in year one, and rental yield stands at 6.87% on a $929,000 basis. Equity gained on principal adds $5,995/yr, and 5% annual appreciation accumulates to $256,666 by year five. Five-year ROI measures 77.46% and total cumulative return in cash reaches $236,744. For financing, Ziffy Mortgage’s DSCR program evaluates $5,320/mo property income against a $4,547/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07304, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,319 (100%) |
| Owner Occupied HU | 4,471 (20.0%) |
| Renter Occupied HU | 15,345 (68.8%) |
| Vacant Housing Units | 2,503 (11.2%) |
| Median Home Value | $571,772 |
| Average Home Value | $619,563 |
Housing Distribution
Address Breakdown
Residential
20,282
Single Family
9,517
Multi-Family
10,765
Businesses
1,035
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Listed by: RAMI ROSEN • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #250024283