6601 Broadway APT E5West New YorkNJ07093
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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 West New York at 6601 Broadway APT E5, West New York, NJ, 07093 uses $64,643 cash to close to unlock $1,386/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $1,505/mo, and a $954/mo payment keeps the spread at $116/mo. Purchase price stands at $195,000, and rental yield measures 9.26% with $1,505/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 115.61% and total cumulative return in cash records $74,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07093, West New York, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,378 (100%) |
| Owner Occupied HU | 5,004 (19.0%) |
| Renter Occupied HU | 19,734 (74.8%) |
| Vacant Housing Units | 1,640 ( 6.2%) |
| Median Home Value | $596,289 |
| Average Home Value | $628,701 |
Housing Distribution
Address Breakdown
Residential
25,301
Single Family
6,081
Multi-Family
19,220
Businesses
1,609
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Listed by: PETER BOUTROS • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #260000537
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.