7 Stevens AveJersey 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
Rental property for sale in Jersey City at 7 Stevens Ave, Jersey City, NJ, 07305 priced at $399,000 converts $3,144/mo rent into $300/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,144/mo, and annual cash flow totals $3,599/yr on $132,269 invested. Return on cash invested prints 22.63% in year one, and rental yield reads 9.46% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 118.66% and total cumulative return in cash sums $156,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,144/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in N/A
897.84 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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Listed by: MORDY ABELESZ • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #250018220