83-85 Wade StJersey CityNJ07305
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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 Jersey City at 83-85 Wade St, Jersey City, NJ, 07305 at $565,000 posts ROI 14.08% with from $3,101/mo rent. Total monthly income equals $3,101/mo. Return on cash invested measures 14.08% and rental yield reads 6.59% at the current $565,000. Equity gained on principal adds $3,646/yr, and 5% annual appreciation supports $156,099 by year five. Five-year ROI prints 72.83% and total cumulative return in cash totals $135,375. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,101/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07305, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,090 (100%) |
| Owner Occupied HU | 8,581 (31.7%) |
| Renter Occupied HU | 16,391 (60.5%) |
| Vacant Housing Units | 2,118 ( 7.8%) |
| Median Home Value | $484,092 |
| Average Home Value | $556,754 |
Housing Distribution
Address Breakdown
Residential
22,404
Single Family
13,978
Multi-Family
8,426
Businesses
1,042
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Listed by: MEDHAT DEWAIK • COLDWELL BANKER REALTY
Mls Name: HCMLS
Mls ID: #250006853
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.