414 New York Ave #BJersey 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 414 New York Ave #B, Jersey City, NJ, 07307 generates $4,733/mo in rent, after a $5,275/mo payment. Total monthly income is $4,733/mo. Return on cash invested sits at 10.24% in year one, and rental yield is 5.27% on a $1,077,800 entry. Equity gained on principal adds $6,955/yr, while 5% annual appreciation builds toward $297,776 over five years. Five-year ROI reaches 52.13% and total cumulative return in cash sums $182,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,733/mo property income rather than buyer’s personal income.
Condo
Built in 1900
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: N/A • N/A
Mls Name: StreetEasy
Mls ID: #S1733581