7002 Boulevard East UNIT 42GWest 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 7002 Boulevard East UNIT 42G, West New York, NJ, 07093 offers a 9.92% rental yield on a $345,000 purchase with $2,852/mo rent. Total monthly income registers $2,852/mo, and a $1,689/mo payment leaves $393/mo available for distribution. Annual cash flow reaches $4,710/yr on $114,368 to close, and return on cash invested stands at 24.03% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 126.18% and total cumulative return in cash at $144,304. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,852/mo property income against a $1,689/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: 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: AUDREY TANZ • RIVERFRONT REALTY CORP
Mls Name: HCMLS
Mls ID: #250023886