1836 Harmon Cove Tower #1836SecaucusNJ07094
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 1836 Harmon Cove Tower #1836, Secaucus, NJ, 07094 in Secaucus worth modelling. At $330,499 with a 11.23% gross yield, the $3,092/mo rent leaves $7/mo after the $1,486/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 2.08 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $91,311 by year five; $3,044/yr in principal reduction adds further equity. Total projected return: $174,047.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.2% |
| Monthly Cash Flow | $7 | $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 | $3,092 |
| Total Monthly Debt Service | $2,224 |
| DSCR Ratio | 1.39x |
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
No HOA
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
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: HEATHER KORN • CENTURY 21 GEMINI LLC
Mls Name: HCMLS
Mls ID: #260002536