511 Madison St #302HobokenNJ07030
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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 Hoboken at 511 Madison St #302, Hoboken, NJ, 07030 listed at $1,125,000 pairs $5,230/mo rent with a $5,506/mo payment. Total monthly income runs $5,230/mo. Return on cash invested measures 9.32% in year one, and rental yield registers 5.58% at a $1,125,000 basis. Equity gained on principal adds $7,259/yr, and annual property appreciation at 5% supports $310,817 by year five. Five-year ROI tracks 47.9% and total cumulative return in cash totals $174,608. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,230/mo property income relative to a $5,506/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
$568 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07030, Hoboken, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,308 (100%) |
| Owner Occupied HU | 9,103 (30.0%) |
| Renter Occupied HU | 19,036 (62.8%) |
| Vacant Housing Units | 2,169 ( 7.2%) |
| Median Home Value | $909,971 |
| Average Home Value | $1,031,969 |
Housing Distribution
Address Breakdown
Residential
29,540
Single Family
2,996
Multi-Family
26,544
Businesses
2,139
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Listed by: Paul Bryant • COLDWELL BANKER RESIDENTIAL BROKERAGE
Mls Name: HCMLS
Mls ID: #250007461
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.