97 Thorne StJersey 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
Total monthly income runs $5,161/mo, and a $4,405/mo payment. Purchase price stands at $899,999, and rental yield measures 6.88% with $5,161/mo rent. Return on cash invested shows 14.98% in year one, and 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 77.6% and total cumulative return in cash records $229,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,161/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Multi Family
Built in 1960
2,613 sqft 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: David H Vanegas • Empire Real Estate
Mls Name: GSMLS
Mls ID: #3973067