179 Manhattan Ave APT 7DJersey CityNJ07307
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 179 Manhattan Ave APT 7D, Jersey City, NJ, 07307 in Jersey City is narrow, $123/mo net on $2,262/mo rent after the $1,237/mo debt service, but the property operates at break-even-plus, not a loss. At $275,000 with a 9.87% yield, the long-run equity case via 5% appreciation ($75,977 over five years) and $2,533/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.83 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $114,063.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.1% |
| Monthly Cash Flow | $123 | $1,850 |
City averages based on Jersey City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,262 |
| Total Monthly Debt Service | $2,030 |
| 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
$179 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07307, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,616 (100%) |
| Owner Occupied HU | 5,040 (27.1%) |
| Renter Occupied HU | 11,915 (64.0%) |
| Vacant Housing Units | 1,661 ( 8.9%) |
| Median Home Value | $675,535 |
| Average Home Value | $688,876 |
Housing Distribution
Address Breakdown
Residential
16,091
Single Family
8,649
Multi-Family
7,442
Businesses
832
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
$179 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07307, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,616 (100%) |
| Owner Occupied HU | 5,040 (27.1%) |
| Renter Occupied HU | 11,915 (64.0%) |
| Vacant Housing Units | 1,661 ( 8.9%) |
| Median Home Value | $675,535 |
| Average Home Value | $688,876 |
Housing Distribution
Address Breakdown
Residential
16,091
Single Family
8,649
Multi-Family
7,442
Businesses
832
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marie Gomer • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #250008261
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.