817 Park Ave #1LHobokenNJ07030
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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
Total monthly income runs $3,655/mo, and a $2,814/mo payment. Purchase price stands at $575,000, and rental yield measures 7.63% with $3,655/mo rent. Return on cash invested shows 15.66% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 81.85% and total cumulative return in cash records $154,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,655/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$250 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: Katherine Silver • CORCORAN SAWYER SMITH
Mls Name: HCMLS
Mls ID: #250003129
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