94 Pearsall Ave APT 3RJersey CityNJ07305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Jersey City at 94 Pearsall Ave APT 3R, Jersey City, NJ, 07305 offers a 11.22% rental yield on a $245,000 purchase with $2,290/mo rent. Total monthly income registers $2,290/mo, and a $1,199/mo payment leaves $544/mo available for distribution. Annual cash flow reaches $6,526/yr on $81,218 to close, and return on cash invested stands at 27.94% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 147.16% and total cumulative return in cash at $119,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,290/mo property income against a $1,199/mo payment rather than investor’s personal income documents like 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: 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Faraaz Amin • BOUTIQUE REALTY LLC
Mls Name: HCMLS
Mls ID: #240016529
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.