500 Central Ave APT 315Union CityNJ07087
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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 Union City at 500 Central Ave APT 315, Union City, NJ, 07087 uses $91,163 cash to close to unlock $814/yr annual cash flow and $68/mo monthly cash flow. Total monthly income runs $2,420/mo, and a $1,346/mo payment keeps the spread at $68/mo. Purchase price stands at $275,000, and rental yield measures 10.56% with $2,420/mo rent. Return on cash invested shows 20.8% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 110.73% and total cumulative return in cash records $100,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,420/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$392 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07087, Union City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,036 (100%) |
| Owner Occupied HU | 4,775 (18.3%) |
| Renter Occupied HU | 19,382 (74.4%) |
| Vacant Housing Units | 1,879 ( 7.2%) |
| Median Home Value | $502,333 |
| Average Home Value | $541,116 |
Housing Distribution
Address Breakdown
Residential
23,513
Single Family
6,509
Multi-Family
17,004
Businesses
2,221
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Listed by: Daniel Fleisher • LIBERTY REALTY LLC
Mls Name: HCMLS
Mls ID: #250006807
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.