1504 Harmon Cove Tower #1504SecaucusNJ07094
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 1504 Harmon Cove Tower #1504, Secaucus, NJ, 07094 in Secaucus. At $465,000 it earns $5,021/mo in rent and distributes $306/mo to the owner after the $2,091/mo payment, a consistent 12.96% yield. DSCR 2.40 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $128,471 in value; $4,283/yr in principal paydown compounds ownership stake. Total projected return: $204,066.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 13% | 6.2% |
| Monthly Cash Flow | $306 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,021 |
| Total Monthly Debt Service | $4,529 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,400 monthly HOA
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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
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,400 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices