45 River Dr S APT 1405Jersey CityNJ07310
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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 45 River Dr S APT 1405, Jersey City, NJ, 07310 priced at $809,000 converts $7,121/mo rent into $752/mo cash flow after a $3,960/mo obligation. Total monthly income equals $7,121/mo, and annual cash flow totals $9,027/yr on $266,161 invested. Return on cash invested prints 23.45% in year one, and rental yield reads 10.56% against a $809,000 entry. Equity gained on principal adds $5,220/yr, while 5% annual appreciation compiles into $223,512 by year five. Five-year ROI reaches 124.04% and total cumulative return in cash sums $330,145. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,121/mo property income covering a $3,960/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$602 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07310, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,714 (100%) |
| Owner Occupied HU | 1,277 (11.9%) |
| Renter Occupied HU | 8,148 (76.1%) |
| Vacant Housing Units | 1,289 (12.0%) |
| Median Home Value | $932,165 |
| Average Home Value | $1,019,580 |
Housing Distribution
Address Breakdown
Residential
10,219
Single Family
1,056
Multi-Family
9,163
Businesses
427
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Listed by: Qi Li • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #240011167
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.