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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 159 2nd St APT 1103, Jersey City, NJ, 07302 generates $7,350/mo in rent, after a $4,892/mo payment. Total monthly income is $7,350/mo. Return on cash invested sits at 18.35% in year one, and rental yield is 8.82% on a $999,500 entry. Equity gained on principal adds $6,450/yr, while 5% annual appreciation builds toward $276,143 over five years. Five-year ROI reaches 96.61% and total cumulative return in cash sums $317,691. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,350/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$694 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 |
|---|---|---|
| 2024-09-10 | Price change | $999,500 |
| 2024-08-12 | Listed for sale | $1,050,000 |
| 2024-08-11 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $963.96 | 40.09% | $42,900 | N/A |
| 2022-09-15 | $688.12 | N/A | $42,900 | N/A |
| 2021-09-15 | $688.12 | 4.16% | $42,900 | N/A |
Listed by: Shuang Fu • PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Mls Name: HCMLS
Mls ID: #240015814
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.
