57 Corbin Ave APT 24Jersey CityNJ07306
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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 Jersey City at 57 Corbin Ave APT 24, Jersey City, NJ, 07306 offers a 11.85% rental yield on a $220,000 purchase with $2,172/mo rent. Total monthly income registers $2,172/mo, and a $1,077/mo payment leaves $330/mo available for distribution. Annual cash flow reaches $3,956/yr on $72,930 to close, and return on cash invested stands at 25.33% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 134.81% and total cumulative return in cash at $98,315. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,172/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1925
4,848 sqft lot
$N/A/sqft
$274 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07306, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,781 (100%) |
| Owner Occupied HU | 5,055 (17.6%) |
| Renter Occupied HU | 19,877 (69.1%) |
| Vacant Housing Units | 3,849 (13.4%) |
| Median Home Value | $612,577 |
| Average Home Value | $651,621 |
Housing Distribution
Address Breakdown
Residential
24,144
Single Family
9,038
Multi-Family
15,106
Businesses
1,831
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Listed by: Hong Li • DYNASTY REALTORS
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2561664M
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