227 Christopher Columbus Dr APT 307BJersey CityNJ07302
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 227 Christopher Columbus Dr APT 307B, Jersey City, NJ, 07302 generates $3,545/mo in rent and, after a $2,374/mo payment, leaves $88/mo in cash flow. Total monthly income is $3,545/mo, and annual cash flow is $1,054/yr on $160,778 invested. Return on cash invested sits at 20.56% in year one, and rental yield is 8.77% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 107.58% and total cumulative return in cash sums $172,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,545/mo property income rather than buyer’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SHAYE C LASTRA • SERHANT NEW JERSEY LLC
Mls Name: HCMLS
Mls ID: #250019863