2 Shore LnJersey 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
Rental property for sale in Jersey City at 2 Shore Ln, Jersey City, NJ, 07310 offers $2,033/mo rent that, after a $7,733/mo payment. Total monthly income is $2,033/mo. Return on cash invested measures -1.26% in year one, and rental yield stands at 1.54% at a $1,580,000 entry. Equity gained on principal adds $10,195/yr while 5% annual appreciation compounds into $436,525 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,033/mo property income versus a $7,733/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2019
0.67 Acres 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 • Re/Max Town & Valley Ii
Mls Name: GSMLS
Mls ID: #4006822