673 Bergen Ave #204Jersey CityNJ07304
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 Jersey City at 673 Bergen Ave #204, Jersey City, NJ, 07304 offers a 11.92% rental yield on a $277,800 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,360/mo payment leaves $780/mo available for distribution. Annual cash flow reaches $9,355/yr on $92,091 to close, and return on cash invested stands at 30.07% in year one. Equity gained on principal adds $1,793/yr while 5% annual appreciation supports $76,751 over five years. Portfolio math shows five-year ROI at 158.57% and total cumulative return in cash at $146,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,360/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07304, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,319 (100%) |
| Owner Occupied HU | 4,471 (20.0%) |
| Renter Occupied HU | 15,345 (68.8%) |
| Vacant Housing Units | 2,503 (11.2%) |
| Median Home Value | $571,772 |
| Average Home Value | $619,563 |
Housing Distribution
Address Breakdown
Residential
20,282
Single Family
9,517
Multi-Family
10,765
Businesses
1,035
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gloria Washington • Vylla Home
Mls Name: NJMLS
Mls ID: #26001204