62 Boatworks DrBayonneNJ07002
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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 Bayonne at 62 Boatworks Dr, Bayonne, NJ, 07002 listed at $579,000 pairs $4,379/mo rent with a $2,834/mo payment to leave $252/mo cash flow. Total monthly income runs $4,379/mo, and annual cash flow reaches $3,023/yr on $190,491 cash to close. Return on cash invested measures 21.65% in year one, and rental yield registers 9.08% at a $579,000 basis. Equity gained on principal adds $3,736/yr, and annual property appreciation at 5% supports $159,967 by year five. Five-year ROI tracks 113.36% and total cumulative return in cash totals $215,947. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,379/mo property income relative to a $2,834/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07002, Bayonne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,613 (100%) |
| Owner Occupied HU | 10,099 (31.0%) |
| Renter Occupied HU | 19,657 (60.3%) |
| Vacant Housing Units | 2,857 ( 8.8%) |
| Median Home Value | $518,170 |
| Average Home Value | $570,338 |
Housing Distribution
Address Breakdown
Residential
27,450
Single Family
16,572
Multi-Family
10,878
Businesses
1,590
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Listed by: CHRISTOPHER PIECHOCKI • KELLER WILLIAMS CITY LIFE REALTY
Mls Name: HCMLS
Mls ID: #260000587