2 Shore Ln APT 311Jersey CityNJ07310
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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
Investment Highlights
Investment property for sale in Jersey City at 2 Shore Ln APT 311, Jersey City, NJ, 07310 with 5% annual appreciation on a $720,000 basis while $7,351/mo rent supports operations. Total monthly income totals $7,351/mo and a $3,524/mo payment preserves $2,197/mo for cash returns. Annual cash flow comes to $26,369/yr on $236,880 deployed, and return on cash invested reaches 31.19% in year one. Equity gained on principal adds $4,646/yr, and five-year appreciation sums $198,923 alongside rental yield of 12.25%. Five-year ROI measures 164.6% and total cumulative return in cash totals $389,899.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,351/mo property income versus a $3,524/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07310, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,714 (100%) |
| Owner Occupied HU | 1,277 (11.9%) |
| Renter Occupied HU | 8,148 (76.1%) |
| Vacant Housing Units | 1,289 (12.0%) |
| Median Home Value | $932,165 |
| Average Home Value | $1,019,580 |
Housing Distribution
Address Breakdown
Residential
10,219
Single Family
1,056
Multi-Family
9,163
Businesses
427
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Listed by: Chung Ho Chang • REMAX TOWN AND VALLEY II
Mls Name: HCMLS
Mls ID: #240016555
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.