91 Myrtle 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 91 Myrtle Ave, Jersey City, NJ, 07305 offers $3,716/mo rent that, after a $1,332/mo payment, leaves $1,742/mo cash flow. Total monthly income is $3,716/mo, and annual cash flow is $20,899/yr on $90,201 cash. Return on cash invested measures 43.08% in year one, and rental yield stands at 16.39% at a $272,100 entry. Equity gained on principal adds $1,756/yr while 5% annual appreciation compounds into $75,176 by year five. Five-year ROI records 228.5% and total cumulative return in cash reaches $206,112. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,716/mo property income versus a $1,332/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
2,613 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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