78 Monroe St #4HobokenNJ07030
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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 Hoboken at 78 Monroe St #4, Hoboken, NJ, 07030 priced at $999,900 converts $5,904/mo rent into after a $4,894/mo obligation. Total monthly income equals $5,904/mo. Return on cash invested prints 14.07% in year one, and rental yield reads 7.09% against a $999,900 entry. Equity gained on principal adds $6,452/yr, while 5% annual appreciation compiles into $276,254 by year five. Five-year ROI reaches 73.29% and total cumulative return in cash sums $241,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,904/mo property income covering a $4,894/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$419 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07030, Hoboken, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,308 (100%) |
| Owner Occupied HU | 9,103 (30.0%) |
| Renter Occupied HU | 19,036 (62.8%) |
| Vacant Housing Units | 2,169 ( 7.2%) |
| Median Home Value | $909,971 |
| Average Home Value | $1,031,969 |
Housing Distribution
Address Breakdown
Residential
29,540
Single Family
2,996
Multi-Family
26,544
Businesses
2,139
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Listed by: Brett Sikora • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #240019573
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.