7117 Park Ave UNIT C7North BergenNJ07047
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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 North Bergen at 7117 Park Ave UNIT C7, North Bergen, NJ, 07047 earns from $2,171/mo rent with a $1,268/mo payment. Total monthly income totals $2,171/mo. ROI tracks 15.07% on current figures, and rental yield reads 10.06% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 81.53% and total cumulative return in cash sums $70,000. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,171/mo property income instead of your personal income.
Condo
Built in 1968
2,613 sqft lot
$N/A/sqft
$671 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07047, North Bergen, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,098 (100%) |
| Owner Occupied HU | 9,447 (34.9%) |
| Renter Occupied HU | 15,608 (57.6%) |
| Vacant Housing Units | 2,043 ( 7.5%) |
| Median Home Value | $564,058 |
| Average Home Value | $608,904 |
Housing Distribution
Address Breakdown
Residential
22,031
Single Family
11,474
Multi-Family
10,557
Businesses
1,458
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Listed by: Elena Schwartz • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3939951
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