320 Madison St APT 6HobokenNJ07030
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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 320 Madison St APT 6, Hoboken, NJ, 07030 uses $132,600 cash to close to unlock $7,820/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $3,503/mo, and a $1,958/mo payment keeps the spread at $652/mo. Purchase price stands at $400,000, and rental yield measures 10.51% with $3,503/mo rent. Return on cash invested shows 25.81% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 135.71% and total cumulative return in cash records $179,956. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,503/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Condo
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: NICHOLAS LUBERTO JR • AVNU REALTY GROUP, LLC
Mls Name: HCMLS
Mls ID: #250018704
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.