391 Central Ave APT 6Jersey 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 391 Central Ave APT 6, Jersey City, NJ, 07307 generates $3,155/mo in rent and, after a $2,080/mo payment, leaves $126/mo in cash flow. Total monthly income is $3,155/mo, and annual cash flow is $1,510/yr on $140,888 invested. Return on cash invested sits at 20.98% in year one, and rental yield is 8.91% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 109.81% and total cumulative return in cash sums $154,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,155/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: 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: JILL K BIGGS • COLDWELL BANKER REALTY
Mls Name: HCMLS
Mls ID: #250017856