1 Shore Ln APT 2210Jersey CityNJ07310
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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 $5,951/mo, and a $6,020/mo payment. Purchase price stands at $1,230,000, and rental yield measures 5.81% with $5,951/mo rent. Return on cash invested shows 11.89% in year one, and 5% annual appreciation builds toward $339,826 over five years. Five-year ROI reaches 61% and total cumulative return in cash records $243,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,951/mo property income covering a $6,020/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07310, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,714 (100%) |
| Owner Occupied HU | 1,277 (11.9%) |
| Renter Occupied HU | 8,148 (76.1%) |
| Vacant Housing Units | 1,289 (12.0%) |
| Median Home Value | $932,165 |
| Average Home Value | $1,019,580 |
Housing Distribution
Address Breakdown
Residential
10,219
Single Family
1,056
Multi-Family
9,163
Businesses
427
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Listed by: HEESUN KANG • CHRISTIE'S INTERNATIONAL REAL ESTATE NORTH JERSEY, INC.
Mls Name: HCMLS
Mls ID: #250009496
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.