221 Columbia Ave #2Jersey CityNJ07307
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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 221 Columbia Ave #2, Jersey City, NJ, 07307 listed at $969,000 pairs $2,957/mo rent with a $4,743/mo payment. Total monthly income runs $2,957/mo. Return on cash invested measures 5.19% in year one, and rental yield registers 3.66% at a $969,000 basis. Equity gained on principal adds $6,253/yr, and annual property appreciation at 5% supports $267,717 by year five. Five-year ROI tracks 25.12% and total cumulative return in cash totals $80,079. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,957/mo property income relative to a $4,743/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: 07307, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,616 (100%) |
| Owner Occupied HU | 5,040 (27.1%) |
| Renter Occupied HU | 11,915 (64.0%) |
| Vacant Housing Units | 1,661 ( 8.9%) |
| Median Home Value | $675,535 |
| Average Home Value | $688,876 |
Housing Distribution
Address Breakdown
Residential
16,091
Single Family
8,649
Multi-Family
7,442
Businesses
832
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Listed by: JASON SPRINGER • EXP REALTY LLC
Mls Name: HCMLS
Mls ID: #260000392