8305 Newkirk AveNorth 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 8305 Newkirk Ave, North Bergen, NJ, 07047 offers a 13.83% rental yield on a $488,888 purchase with $5,636/mo rent. Total monthly income registers $5,636/mo, and a $2,393/mo payment leaves $2,151/mo available for distribution. Annual cash flow reaches $25,814/yr on $162,066 to close, and return on cash invested stands at 35.84% in year one. Equity gained on principal adds $3,155/yr while 5% annual appreciation supports $135,071 over five years. Portfolio math shows five-year ROI at 189.5% and total cumulative return in cash at $307,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,636/mo property income against a $2,393/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1,980 sqft lot
$N/A/sqft
No 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: Sandra Lim • UNITED NOVA REALTY LLC
Mls Name: HCMLS
Mls ID: #240014828
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.