550 2nd St APT 1FHobokenNJ07030
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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 550 2nd St APT 1F, Hoboken, NJ, 07030 listed at $618,000 pairs $4,744/mo rent with a $3,025/mo payment to leave $339/mo cash flow. Total monthly income runs $4,744/mo, and annual cash flow reaches $4,066/yr on $203,322 cash to close. Return on cash invested measures 22.06% in year one, and rental yield registers 9.21% at a $618,000 basis. Equity gained on principal adds $3,988/yr, and annual property appreciation at 5% supports $170,742 by year five. Five-year ROI tracks 115.58% and total cumulative return in cash totals $235,007. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,744/mo property income relative to a $3,025/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: 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: JIMMY SYROS • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #250018430