610 Madison St APT 3HobokenNJ07030
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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 Hoboken at 610 Madison St APT 3, Hoboken, NJ, 07030 offers $3,897/mo rent that, after a $5,262/mo payment. Total monthly income is $3,897/mo. Return on cash invested measures 6.02% in year one, and rental yield stands at 4.35% at a $1,075,000 entry. Equity gained on principal adds $6,937/yr while 5% annual appreciation compounds into $297,003 by year five. Five-year ROI records 30.02% and total cumulative return in cash reaches $104,562. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,897/mo property income versus a $5,262/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$400 monthly 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: Laura Hooker • KELLER WILLIAMS CITY LIFE REALTY
Mls Name: HCMLS
Mls ID: #250007778
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.