61 Skillman Ave #3AJersey 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
Rental property for sale in Jersey City at 61 Skillman Ave #3A, Jersey City, NJ, 07306 priced at $894,800 converts $5,014/mo rent into after a $4,380/mo obligation. Total monthly income equals $5,014/mo. Return on cash invested prints 14.5% in year one, and rental yield reads 6.72% against a $894,800 entry. Equity gained on principal adds $5,774/yr, while 5% annual appreciation compiles into $247,217 by year five. Five-year ROI reaches 75.04% and total cumulative return in cash sums $220,895. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,014/mo property income covering a $4,380/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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: N/A • N/A
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Mls ID: #N/A