517 7th St #2CUnion 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 517 7th St #2C, Union City, NJ, 07087 listed at $470,000 pairs $2,813/mo rent with a $2,300/mo payment. Total monthly income runs $2,813/mo. Return on cash invested measures 15.78% in year one, and rental yield registers 7.18% at a $470,000 basis. Equity gained on principal adds $3,033/yr, and annual property appreciation at 5% supports $129,852 by year five. Five-year ROI tracks 81.92% and total cumulative return in cash totals $127,629. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,813/mo property income relative to a $2,300/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: GERARD A MATTERA JR • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #250020450
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.