20 2nd St APT 509, Jersey City, NJ, 07302 | 4% Rental Yield

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20 2nd St APT 509, Jersey City, NJ, 07302 | 4% Rental Yield | Ziffy

For Sale

Airbnb Potential

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

Total monthly income runs $4,297/mo, and a $6,309/mo payment. Purchase price stands at $1,289,000, and rental yield measures 4% with $4,297/mo rent. Return on cash invested shows 6.32% in year one, and 5% annual appreciation builds toward $356,127 over five years. Five-year ROI reaches 31.12% and total cumulative return in cash records $129,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,297/mo property income covering a $6,309/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Sophisticated living on the waterfront with this renovated & expansive 3 bedroom, 2 bathroom condo in Mandalay on the Hudson, one of Jersey Citys premier waterfront buildings. The coveted 09 line, with its picturesque glass windows and prime south & east exposure, is flooded with sunlight all day long. This 1,456 sq. ft. luxurious home is well appointed will contemporary lighting, closet organizational systems, built in Murphy beds in one of the bedrooms & custom window treatments throughout the home. A key feature of the home is the open-concept kitchen with stainless appliances, a brand new Samsung Bespoke Refrigerator, quartz countertops, breakfast bar, contemporary finishes & water filtration system. The sleek and contemporary bathrooms embodies this homes lavish aesthetic with large format porcelain tile, floating vanities, Glass shower enclosures and heated towel bar. A river-facing balcony, in-unit washer/dryer & deeded garage parking spot helps to complete a picture perfect home! Enjoy the resort-like amenities at The Mandalay, including fitness center, BBQ area, private park, childrens playground, and the largest outdoor pool in Jersey City. All of this and only minutes walk to the lightrail, Exchange Place & Newport PATH, and the Harborside ferry makes for a quick and easy commute to the city. Renderings are of new lobby under construction.

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