203 3rd St APT 3Jersey CityNJ07302
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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 203 3rd St APT 3, Jersey City, NJ, 07302 offers a 8.99% rental yield on a $712,000 purchase with $5,333/mo rent. Total monthly income registers $5,333/mo, and a $3,485/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,094/yr on $234,248 to close, and return on cash invested stands at 21.38% in year one. Equity gained on principal adds $4,594/yr while 5% annual appreciation supports $196,712 over five years. Portfolio math shows five-year ROI at 111.94% and total cumulative return in cash at $262,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,333/mo property income against a $3,485/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: PATRICK C SOUTHERN • SERHANT NEW JERSEY LLC
Mls Name: HCMLS
Mls ID: #250020667