48 Evergreen StBayonneNJ07002
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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 Bayonne at 48 Evergreen St, Bayonne, NJ, 07002 priced at $1,159,000 converts $2,675/mo rent into after a $5,673/mo obligation. Total monthly income equals $2,675/mo. Return on cash invested prints 2.52% in year one, and rental yield reads 2.77% against a $1,159,000 entry. Equity gained on principal adds $7,479/yr, while 5% annual appreciation compiles into $320,210 by year five. Five-year ROI reaches 10.75% and total cumulative return in cash sums $40,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,675/mo property income covering a $5,673/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07002, Bayonne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,613 (100%) |
| Owner Occupied HU | 10,099 (31.0%) |
| Renter Occupied HU | 19,657 (60.3%) |
| Vacant Housing Units | 2,857 ( 8.8%) |
| Median Home Value | $518,170 |
| Average Home Value | $570,338 |
Housing Distribution
Address Breakdown
Residential
27,450
Single Family
16,572
Multi-Family
10,878
Businesses
1,590
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Listed by: Paul Hagdorn • REAL
Mls Name: HCMLS
Mls ID: #250005216
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.