500 Central Ave APT 816Union 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 816, Union City, NJ, 07087 uses $97,793 cash to close to unlock $4,418/yr annual cash flow and $368/mo monthly cash flow. Total monthly income runs $2,471/mo, and a $1,444/mo payment keeps the spread at $368/mo. Purchase price stands at $295,000, and rental yield measures 10.05% with $2,471/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 128.34% and total cumulative return in cash records $125,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,471/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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: LINDA TOM • BROWN HARRIS STEVENS NEW JERSEY
Mls Name: HCMLS
Mls ID: #250008890