305 Park AveHobokenNJ07030
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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 Hoboken at 305 Park Ave, Hoboken, NJ, 07030 with 5% annual appreciation on a $1,999,999 basis while $5,350/mo rent supports operations. 88% in year one. Equity gained on principal adds $12,906/yr, and five-year appreciation sums $552,563 alongside rental yield of 3.21%. Five-year ROI measures 18.04% and total cumulative return in cash totals $116,887. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,350/mo property income versus a $9,789/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
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
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Listed by: DYLAN MADER • CORCORAN SAWYER SMITH
Mls Name: HCMLS
Mls ID: #250019371