227 Christopher Columbus Dr APT 417B, Jersey City, NJ, 07302 | $157/mo Cash Flow

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227 Christopher Columbus Dr APT 417B, Jersey City, NJ, 07302 | $157/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Jersey City at 227 Christopher Columbus Dr APT 417B, Jersey City, NJ, 07302 uses $197,071 cash to close to unlock $1,887/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $4,427/mo, and a $2,932/mo payment keeps the spread at $157/mo. Purchase price stands at $599,000, and rental yield measures 8.87% with $4,427/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 110.01% and total cumulative return in cash records $216,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,427/mo property income covering a $2,932/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

Use Varick St entrance. Charming 2-Bedroom Duplex with Private Rooftop Deck in Downtown Jersey City. Looking for the perfect place to call home in Downtown Jersey City? This stunning 2-bedroom, 1.5 bath duplex offers the ideal combination of modern updates, ample space, and city convenience. Step inside to find a beautifully renovated kitchen, featuring a farmhouse sink, sleek dishwasher, and updated appliances, including a brand-new refrigerator, microwave, and boiler. The washer, dryer, and gas oven are all less than five years old, ensuring a worry-free living experience. This home also boasts custom storage solutions throughout, including a generous 60 sq. ft. of additional storage under the stairsperfect for keeping your home organized. Enjoy your private outdoor space with a fabulous rooftop deck, perfect for entertaining or relaxing while taking in the views. The property also offers fantastic amenities, including water, gas, and dedicated parking spot, all included in the maintenance fee. Residents can enjoy access to a full gym, fitness center, concierge for deliveries, 24/7 security, childrens playroom, movie theater, and basketball court, making it an ideal choice for those seeking a vibrant, amenity-rich lifestyle. Set in the heart of Downtown Jersey City, you'll be just steps away from top shops, restaurants, entertainment, and transportation options, with easy access to the PATH station for a quick commute to Manhattan. Make this beautifully updated duplex your new home and enjoy the best of city living with comfort and style!

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