55 Ocean AveJersey CityNJ07305
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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
Total monthly income runs $3,089/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 5.71% with $3,089/mo rent. Return on cash invested shows 11.42% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 58.53% and total cumulative return in cash records $124,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,089/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Multi Family
Built in 1927
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07305, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,090 (100%) |
| Owner Occupied HU | 8,581 (31.7%) |
| Renter Occupied HU | 16,391 (60.5%) |
| Vacant Housing Units | 2,118 ( 7.8%) |
| Median Home Value | $484,092 |
| Average Home Value | $556,754 |
Housing Distribution
Address Breakdown
Residential
22,404
Single Family
13,978
Multi-Family
8,426
Businesses
1,042
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Listed by: Jonathan Soto • Realty Of America
Mls Name: GSMLS
Mls ID: #3981578