78 Wayne St UNIT 404Jersey CityNJ07302
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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 78 Wayne St UNIT 404, Jersey City, NJ, 07302 priced at $1,019,000 pairs $8,011/mo rent with $196/mo cash flow after a $4,988/mo payment. Total monthly income equals $8,011/mo, and annual cash flow comes to $2,355/yr on $330,156 invested. Return on cash invested is 21.08% in year one, and rental yield stands at 9.43% on a $1,019,000 basis. Equity gained on principal adds $6,575/yr, and 5% annual appreciation accumulates to $281,531 by year five. Five-year ROI measures 111.04% and total cumulative return in cash reaches $366,593. For financing, Ziffy Mortgage’s DSCR program evaluates $8,011/mo property income against a $4,988/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$552 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07302, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,585 (100%) |
| Owner Occupied HU | 7,643 (20.9%) |
| Renter Occupied HU | 25,548 (69.8%) |
| Vacant Housing Units | 3,394 ( 9.3%) |
| Median Home Value | $917,452 |
| Average Home Value | $1,017,181 |
Housing Distribution
Address Breakdown
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
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Listed by: Marcus Pinto • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #240017282
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.