2 2nd St APT 2405Jersey CityNJ07302
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 2 2nd St APT 2405, Jersey City, NJ, 07302 in Jersey City at $1,999,999, 4.73% gross yield, is a market-growth asset. Rental yield 4.73%. The $7,883/mo rent partially funds the $8,993/mo debt service; the core return is the 5%/yr price growth projected to add $552,563 over five years. Ziffy Mortgage's DSCR mortgage (0.88) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $356,471.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 5.1% |
| Monthly Cash Flow | $(6,373) | $1,850 |
City averages based on Jersey City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,883 |
| Total Monthly Debt Service | $13,460 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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
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 |
Housing Distribution
Address Breakdown
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
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
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 |
Housing Distribution
Address Breakdown
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MICHAEL KLEIN • LIBERTY REALTY LLC
Mls Name: HCMLS
Mls ID: #250014857
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.