311-315 37th St #304Union CityNJ07087
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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 Union City at 311-315 37th St #304, Union City, NJ, 07087 generates $2,562/mo in rent and, after a $1,757/mo payment, leaves $3/mo in cash flow. Total monthly income is $2,562/mo, and annual cash flow is $39/yr on $119,009 invested. Return on cash invested sits at 19.94% in year one, and rental yield is 8.56% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 104.28% and total cumulative return in cash sums $124,099. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,562/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07087, Union City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,036 (100%) |
| Owner Occupied HU | 4,775 (18.3%) |
| Renter Occupied HU | 19,382 (74.4%) |
| Vacant Housing Units | 1,879 ( 7.2%) |
| Median Home Value | $502,333 |
| Average Home Value | $541,116 |
Housing Distribution
Address Breakdown
Residential
23,513
Single Family
6,509
Multi-Family
17,004
Businesses
2,221
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Listed by: JAESEUNG LEE • CHRISTIE'S INTERNATIONAL REAL ESTATE NORTH JERSEY, INC.
Mls Name: HCMLS
Mls ID: #250015464