85 Broadway APT 1EJersey CityNJ07306
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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 85 Broadway APT 1E, Jersey City, NJ, 07306 offers $2,693/mo rent that, after a $1,341/mo payment, leaves $740/mo cash flow. Total monthly income is $2,693/mo, and annual cash flow is $8,881/yr on $90,831 cash. Return on cash invested measures 29.69% in year one, and rental yield stands at 11.79% at a $274,000 entry. Equity gained on principal adds $1,768/yr while 5% annual appreciation compounds into $75,701 by year five. Five-year ROI records 156.55% and total cumulative return in cash reaches $142,197. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,693/mo property income versus a $1,341/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07306, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,781 (100%) |
| Owner Occupied HU | 5,055 (17.6%) |
| Renter Occupied HU | 19,877 (69.1%) |
| Vacant Housing Units | 3,849 (13.4%) |
| Median Home Value | $612,577 |
| Average Home Value | $651,621 |
Housing Distribution
Address Breakdown
Residential
24,144
Single Family
9,038
Multi-Family
15,106
Businesses
1,831
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Listed by: JILL K BIGGS • COLDWELL BANKER REALTY
Mls Name: HCMLS
Mls ID: #260000636