861 Summit 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
Rental property for sale in Jersey City at 861 Summit Ave, Jersey City, NJ, 07307 offers $3,384/mo rent that, after a $4,400/mo payment. Total monthly income is $3,384/mo. Return on cash invested measures 7.79% in year one, and rental yield stands at 4.52% at a $899,000 entry. Equity gained on principal adds $5,801/yr while 5% annual appreciation compounds into $248,377 by year five. Five-year ROI records 39.08% and total cumulative return in cash reaches $115,582. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,384/mo property income versus a $4,400/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: ERIC ECKHARDT • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #250020211