42 Spruce StJersey CityNJ07306
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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
Investment property for sale in Jersey City at 42 Spruce St, Jersey City, NJ, 07306 listed at $1,071,800 pairs $3,962/mo rent with a $5,246/mo payment. Total monthly income runs $3,962/mo. Return on cash invested measures 7.66% in year one, and rental yield registers 4.44% at a $1,071,800 basis. Equity gained on principal adds $6,916/yr, and annual property appreciation at 5% supports $296,119 by year five. Five-year ROI tracks 38.33% and total cumulative return in cash totals $133,114. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,962/mo property income relative to a $5,246/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07306, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,781 (100%) |
| Owner Occupied HU | 5,055 (17.6%) |
| Renter Occupied HU | 19,877 (69.1%) |
| Vacant Housing Units | 3,849 (13.4%) |
| Median Home Value | $612,577 |
| Average Home Value | $651,621 |
Housing Distribution
Address Breakdown
Residential
24,144
Single Family
9,038
Multi-Family
15,106
Businesses
1,831
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Listed by: N/A • N/A
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