689 Luis Munoz Marin Blvd APT 908Jersey CityNJ07310
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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 689 Luis Munoz Marin Blvd APT 908, Jersey City, NJ, 07310 offers a 10.44% rental yield on a $499,000 purchase with $4,342/mo rent. Total monthly income registers $4,342/mo, and a $2,442/mo payment leaves $786/mo available for distribution. Annual cash flow reaches $9,427/yr on $165,419 to close, and return on cash invested stands at 25.61% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 134.64% and total cumulative return in cash at $222,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,342/mo property income against a $2,442/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: 07310, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,714 (100%) |
| Owner Occupied HU | 1,277 (11.9%) |
| Renter Occupied HU | 8,148 (76.1%) |
| Vacant Housing Units | 1,289 (12.0%) |
| Median Home Value | $932,165 |
| Average Home Value | $1,019,580 |
Housing Distribution
Address Breakdown
Residential
10,219
Single Family
1,056
Multi-Family
9,163
Businesses
427
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Listed by: Moonhy Eun Jeong • Weichert Realtors, Tenafly-Cresskill
Mls Name: NJMLS
Mls ID: #26001213