66 Monroe St APT 4HobokenNJ07030
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hoboken at 66 Monroe St APT 4, Hoboken, NJ, 07030 offers a 9.75% rental yield on a $449,000 purchase with $3,647/mo rent. Total monthly income registers $3,647/mo, and a $2,198/mo payment leaves $446/mo available for distribution. Annual cash flow reaches $5,355/yr on $148,844 to close, and return on cash invested stands at 23.51% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Portfolio math shows five-year ROI at 123.39% and total cumulative return in cash at $183,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,647/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LAURA ANA BLANCHE • KNECHT PROPERTIES
Mls Name: HCMLS
Mls ID: #250025496