412 Monroe St APT 8, Hoboken, NJ, 07030 | 8.22% Rental Yield

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Price: $300K - 500K

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412 Monroe St APT 8, Hoboken, NJ, 07030 | 8.22% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hoboken at 412 Monroe St APT 8, Hoboken, NJ, 07030 offers $3,548/mo rent that, after a $2,535/mo payment. Total monthly income is $3,548/mo. Return on cash invested measures 19.05% in year one, and rental yield stands at 8.22% at a $518,000 entry. Equity gained on principal adds $3,343/yr while 5% annual appreciation compounds into $143,114 by year five. Five-year ROI records 99.45% and total cumulative return in cash reaches $169,483. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,548/mo property income versus a $2,535/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Well laid out 1 bed, 1 bath condo located in the heart of a vibrant Hoboken community just 2 1/2 blocks from the 2nd St. Light Rail. Boasting a beautifully designed kitchen featuring granite counters, a breakfast bar, and stainless steel appliances, cooking becomes a joyous experience. Track lighting adds a contemporary touch while highlighting the sleek finishes. Hardwood floors flow seamlessly throughout the space, creating an inviting atmosphere. Step outside onto the oversized balcony, perfect for al fresco dining or simply enjoying the fresh air. Recessed lighting enhances the ambiance, creating a cozy retreat. With low maintenance fees, homeownership couldn't be more convenient. Enjoy the convenience of a washer/dryer in-unit and central HVAC for year-round comfort. The spacious bedroom offers ample storage with large closets and ceiling fans for added comfort. Don't miss your chance to experience the epitome of urban living in this charming condo.

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