306 Old Bergen RdJersey 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
Rental property for sale in Jersey City at 306 Old Bergen Rd, Jersey City, NJ, 07305 generates $3,529/mo in rent and, after a $1,566/mo payment, leaves $1,208/mo in cash flow. Total monthly income is $3,529/mo, and annual cash flow is $14,490/yr on $106,080 invested. Return on cash invested sits at 33.57% in year one, and rental yield is 13.23% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 177.51% and total cumulative return in cash sums $188,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,529/mo property income rather than buyer’s personal income.
Multi Family
Built in 1925
2,500 sqft 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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