66 College StJersey CityNJ07305
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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 66 College St, Jersey City, NJ, 07305 uses $173,383 cash to close to unlock $14,028/yr annual cash flow and $1,169/mo monthly cash flow. Total monthly income runs $4,925/mo, and a $2,579/mo payment keeps the spread at $1,169/mo. Purchase price stands at $527,000, and rental yield measures 11.21% with $4,925/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $145,600 over five years. Five-year ROI reaches 148.27% and total cumulative return in cash records $257,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,925/mo property income covering a $2,579/mo payment rather than investor’s personal income.
Single Family
Built in 1955
1,855 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07305, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,090 (100%) |
| Owner Occupied HU | 8,581 (31.7%) |
| Renter Occupied HU | 16,391 (60.5%) |
| Vacant Housing Units | 2,118 ( 7.8%) |
| Median Home Value | $484,092 |
| Average Home Value | $556,754 |
Housing Distribution
Address Breakdown
Residential
22,404
Single Family
13,978
Multi-Family
8,426
Businesses
1,042
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