391 AvenueBayonneNJ07002
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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 Bayonne at 391 Avenue, Bayonne, NJ, 07002 offers $4,741/mo rent that, after a $4,503/mo payment. Total monthly income is $4,741/mo. Return on cash invested measures 12.86% in year one, and rental yield stands at 6.18% at a $920,000 entry. Equity gained on principal adds $5,937/yr while 5% annual appreciation compounds into $254,179 by year five. Five-year ROI records 66.24% and total cumulative return in cash reaches $200,499. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,741/mo property income versus a $4,503/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1947
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07002, Bayonne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,613 (100%) |
| Owner Occupied HU | 10,099 (31.0%) |
| Renter Occupied HU | 19,657 (60.3%) |
| Vacant Housing Units | 2,857 ( 8.8%) |
| Median Home Value | $518,170 |
| Average Home Value | $570,338 |
Housing Distribution
Address Breakdown
Residential
27,450
Single Family
16,572
Multi-Family
10,878
Businesses
1,590
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Listed by: Kasia Nowakowska • United Real Estate
Mls Name: GSMLS
Mls ID: #4004104