149 Essex St APT 6BJersey 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
Investment property for sale in Jersey City at 149 Essex St APT 6B, Jersey City, NJ, 07302 listed at $1,299,000 pairs $4,709/mo rent with a $6,358/mo payment. Total monthly income runs $4,709/mo. Return on cash invested measures 7.4% in year one, and rental yield registers 4.35% at a $1,299,000 basis. Equity gained on principal adds $8,382/yr, and annual property appreciation at 5% supports $358,890 by year five. Five-year ROI tracks 36.9% and total cumulative return in cash totals $155,317. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,709/mo property income relative to a $6,358/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A 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: FRANK DARDEN MOOREFIELD • KELLER WILLIAMS CITY LIFE REALTY
Mls Name: HCMLS
Mls ID: #260000572