63 Sussex St #7Jersey CityNJ07302
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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 63 Sussex St #7, Jersey City, NJ, 07302 priced at $1,124,000 converts $5,116/mo rent into after a $5,501/mo obligation. Total monthly income equals $5,116/mo. Return on cash invested prints 10.83% in year one, and rental yield reads 5.46% against a $1,124,000 entry. Equity gained on principal adds $7,253/yr, while 5% annual appreciation compiles into $310,540 by year five. Five-year ROI reaches 55.31% and total cumulative return in cash sums $201,438. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,116/mo property income covering a $5,501/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: 07302, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,585 (100%) |
| Owner Occupied HU | 7,643 (20.9%) |
| Renter Occupied HU | 25,548 (69.8%) |
| Vacant Housing Units | 3,394 ( 9.3%) |
| Median Home Value | $917,452 |
| Average Home Value | $1,017,181 |
Housing Distribution
Address Breakdown
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
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Listed by: TANYA BRYSON • WEICHERT REALTORS
Mls Name: HCMLS
Mls ID: #250025547