2 Shore Ln UNIT 501Jersey 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 UNIT 501, Jersey City, NJ, 07310 listed at $1,395,000 pairs $6,630/mo rent with a $6,828/mo payment. Total monthly income runs $6,630/mo. Return on cash invested measures 11.57% in year one, and rental yield registers 5.7% at a $1,395,000 basis. Equity gained on principal adds $9,002/yr, and annual property appreciation at 5% supports $385,413 by year five. Five-year ROI tracks 59.3% and total cumulative return in cash totals $268,030. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,630/mo property income relative to a $6,828/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
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: ALBERT M NGAI • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #260000560