512 Monastery PlUnion 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
Rental property for sale in Union City at 512 Monastery Pl, Union City, NJ, 07087 priced at $1,895,000 converts $3,199/mo rent into after a $9,275/mo obligation. Total monthly income equals $3,199/mo. Return on cash invested prints 0.22% in year one, and rental yield reads 2.03% against a $1,895,000 entry. Equity gained on principal adds $12,228/yr, while 5% annual appreciation compiles into $523,554 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,199/mo property income covering a $9,275/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: 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: PATRICIA RUIZ • REAL
Mls Name: HCMLS
Mls ID: #250013804