187 Wayne St APT 409C, Jersey City, NJ, 07302 | $583/mo Cash Flow

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187 Wayne St APT 409C, Jersey City, NJ, 07302 | $583/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Jersey City at 187 Wayne St APT 409C, Jersey City, NJ, 07302 listed at $549,000 pairs $4,496/mo rent with a $2,687/mo payment to leave $583/mo cash flow. Total monthly income runs $4,496/mo, and annual cash flow reaches $6,995/yr on $180,621 cash to close. Return on cash invested measures 23.93% in year one, and rental yield registers 9.83% at a $549,000 basis. Equity gained on principal adds $3,543/yr, and annual property appreciation at 5% supports $151,679 by year five. Five-year ROI tracks 125.62% and total cumulative return in cash totals $226,892. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,496/mo property income relative to a $2,687/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

More details about the property

For Sale Modern Urban Condo with Private Roof Deck at 187 Wayne St, Unit 409C Experience upscale city living in this beautifully updated two-bedroom, one-and-a-halfbath condominium, perfectly situated in one of the areas most vibrant neighborhoods. Unit 409C offers a spacious, thoughtfully designed layout ideal for both everyday comfort and stylish entertaining. Step inside to soaring ceilings, oversized windows that drench the home in natural light, and a sleek contemporary kitchen featuring stainless steel appliances and granite countertops. Additional highlights include in-unit laundry, generous storage, and your own private roof deckan incredible outdoor retreat perfect for relaxing or hosting with sweeping city views. Residents enjoy an impressive suite of amenities, including a fully equipped fitness center, basketball court, community lounge, sauna, landscaped courtyards with BBQ grills, and a dedicated kids playroom. Located just moments from shops, restaurants, parks, ferries, and the PATH train, this home delivers the best of urban convenience with all the comforts of modern living. Dont miss this exceptional opportunitySchedule your private tour today!

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