89 Stevens AveJersey 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
Rental property for sale in Jersey City at 89 Stevens Ave, Jersey City, NJ, 07305 priced at $655,400 pairs $3,400/mo rent with after a $3,208/mo payment. Total monthly income equals $3,400/mo. Return on cash invested is 12.98% in year one, and rental yield stands at 6.23% on a $655,400 basis. Equity gained on principal adds $4,229/yr, and 5% annual appreciation accumulates to $181,075 by year five. Five-year ROI measures 66.92% and total cumulative return in cash reaches $144,305. For financing, Ziffy Mortgage’s DSCR program evaluates $3,400/mo property income against a $3,208/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
2,674 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: N/A • N/A
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