84 Terrace AveJersey CityNJ07307
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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 84 Terrace Ave, Jersey City, NJ, 07307 with 5% annual appreciation on a $1,698,000 basis while $3,167/mo rent supports operations. 88% in year one. Equity gained on principal adds $10,957/yr, and five-year appreciation sums $469,126 alongside rental yield of 2.24%. Five-year ROI measures 1.95% and total cumulative return in cash totals $10,719. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,167/mo property income versus a $8,311/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07307, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,616 (100%) |
| Owner Occupied HU | 5,040 (27.1%) |
| Renter Occupied HU | 11,915 (64.0%) |
| Vacant Housing Units | 1,661 ( 8.9%) |
| Median Home Value | $675,535 |
| Average Home Value | $688,876 |
Housing Distribution
Address Breakdown
Residential
16,091
Single Family
8,649
Multi-Family
7,442
Businesses
832
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Listed by: MEGAN GULICK • CORCORAN SAWYER SMITH
Mls Name: HCMLS
Mls ID: #250018183