102 Christopher Columbus Dr #803Jersey CityNJ07302
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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 Jersey City at 102 Christopher Columbus Dr #803, Jersey City, NJ, 07302 generates $4,410/mo in rent, after a $3,451/mo payment. Total monthly income is $4,410/mo. Return on cash invested sits at 16.88% in year one, and rental yield is 7.51% on a $705,000 entry. Equity gained on principal adds $4,549/yr, while 5% annual appreciation builds toward $194,779 over five years. Five-year ROI reaches 87.79% and total cumulative return in cash sums $203,617. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,410/mo property income rather than buyer’s personal income.
Condo
Built in 2007
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07302, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
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Listed by: Lisa M Cataldi • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #4001209