94-96 W 31st StBayonneNJ07002
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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 Bayonne at 94-96 W 31st St, Bayonne, NJ, 07002 generates $5,186/mo in rent, after a $3,529/mo payment. Total monthly income is $5,186/mo. Return on cash invested sits at 19.41% in year one, and rental yield is 8.63% on a $721,000 entry. Equity gained on principal adds $4,653/yr, while 5% annual appreciation builds toward $199,199 over five years. Five-year ROI reaches 101.7% and total cumulative return in cash sums $241,245. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,186/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
7,550 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07002, Bayonne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,613 (100%) |
| Owner Occupied HU | 10,099 (31.0%) |
| Renter Occupied HU | 19,657 (60.3%) |
| Vacant Housing Units | 2,857 ( 8.8%) |
| Median Home Value | $518,170 |
| Average Home Value | $570,338 |
Housing Distribution
Address Breakdown
Residential
27,450
Single Family
16,572
Multi-Family
10,878
Businesses
1,590
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Listed by: Patrick O'donnell • PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Mls Name: HCMLS
Mls ID: #250004790
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.