340 Ogden AveJersey CityNJ07307
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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 340 Ogden Ave, Jersey City, NJ, 07307 priced at $1,750,000 converts $6,767/mo rent into after a $8,565/mo obligation. Total monthly income equals $6,767/mo. Return on cash invested prints 8.29% in year one, and rental yield reads 4.64% against a $1,750,000 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation compiles into $483,493 by year five. Five-year ROI reaches 41.71% and total cumulative return in cash sums $236,505. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,767/mo property income covering a $8,565/mo payment, not borrower’s personal income.
Single Family
Built in N/A
2,175 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07307, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,616 (100%) |
| Owner Occupied HU | 5,040 (27.1%) |
| Renter Occupied HU | 11,915 (64.0%) |
| Vacant Housing Units | 1,661 ( 8.9%) |
| Median Home Value | $675,535 |
| Average Home Value | $688,876 |
Housing Distribution
Address Breakdown
Residential
16,091
Single Family
8,649
Multi-Family
7,442
Businesses
832
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Listed by: LAUREN SOSA • KELLER WILLIAMS PARK VIEWS
Mls Name: HCMLS
Mls ID: #260000226