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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Jersey City at 1 2nd St APT 604, Jersey City, NJ, 07302 offers $5,873/mo rent that, after a $4,821/mo payment. Total monthly income is $5,873/mo. Return on cash invested measures 12.17% in year one, and rental yield stands at 7.15% at a $985,000 entry. Equity gained on principal adds $6,356/yr while 5% annual appreciation compounds into $272,137 by year five. Five-year ROI records 63.89% and total cumulative return in cash reaches $207,058. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,873/mo property income versus a $4,821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$982 monthly HOA
Neighborhood data shown for ZIP Code: 07302, Jersey City, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,585 (100%) |
| Owner Occupied HU | 7,643 (20.9%) |
| Renter Occupied HU | 25,548 (69.8%) |
| Vacant Housing Units | 3,394 ( 9.3%) |
| Median Home Value | $917,452 |
| Average Home Value | $1,017,181 |
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
Date | Event | Price |
|---|---|---|
| 2024-08-30 | Price change | $985,000 |
| 2024-07-24 | Listed for sale | $999,000 |
| 2024-07-23 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Simran Mehra • HALO REALTY
Mls Name: HCMLS
Mls ID: #240014373
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.
