53 Cottage StBayonneNJ07002
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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 Bayonne at 53 Cottage St, Bayonne, NJ, 07002 generates $2,608/mo in rent, after a $3,084/mo payment. Total monthly income is $2,608/mo. Return on cash invested sits at 9.16% in year one, and rental yield is 4.97% on a $630,000 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 46.4% and total cumulative return in cash sums $96,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,608/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07002, Bayonne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,613 (100%) |
| Owner Occupied HU | 10,099 (31.0%) |
| Renter Occupied HU | 19,657 (60.3%) |
| Vacant Housing Units | 2,857 ( 8.8%) |
| Median Home Value | $518,170 |
| Average Home Value | $570,338 |
Housing Distribution
Address Breakdown
Residential
27,450
Single Family
16,572
Multi-Family
10,878
Businesses
1,590
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Listed by: FRANK PALMACCIO • CENTURY 21 PREFERRED REALTY INC
Mls Name: HCMLS
Mls ID: #260000094