244 Webster Ave APT 2L, Jersey City, NJ, 07307 | $874/mo Cash Flow

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244 Webster Ave APT 2L, Jersey City, NJ, 07307 | $874/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 244 Webster Ave APT 2L, Jersey City, NJ, 07307 offers a 11.18% rental yield on a $399,000 purchase with $3,718/mo rent. Total monthly income registers $3,718/mo, and a $1,953/mo payment leaves $874/mo available for distribution. Annual cash flow reaches $10,487/yr on $132,269 to close, and return on cash invested stands at 27.84% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 146.58% and total cumulative return in cash at $193,874. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,718/mo property income against a $1,953/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

More details about the property

Charming Renovated 2BR/2BA Condo in Jersey City Heights! Step into this beautifully renovated 805?sf condominium, featuring soaring ceilings and an open layout that creates an airy, inviting atmosphereperfect for entertaining or relaxing at home. The updated kitchen boasts sleek stainless steel appliances and the convenience of in-unit laundry. Both full bathrooms are fully tiled and modernized, complementing the gleaming hardwood floors throughout. The two spacious bedrooms offer comfort and versatility. Additional perks include a private storage unit in the basement and access to a lovely shared yard, ideal for outdoor gatherings or quiet relaxation. Located in the highly desirable Heights neighborhood, this home offers low taxes and maintenance fees, with unbeatable convenience. Enjoy proximity to parks, restaurants, and Central Avenues 250+ storefronts, as well as easy commuting optionsjust 2 blocks to the bus, a shuttle to Hoboken, NYC, or surrounding towns, and 3 blocks to Hudson Bergen Light Rail. Residents can also explore the vibrant local arts scene, from public art installations to galleries and cultural fairs. Dont miss this gem in Jersey City Heightsstyle, convenience, and lifestyle all in one!

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