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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Jersey City at 245 8th St APT 103, Jersey City, NJ, 07302 listed at $320,000 pairs $3,794/mo rent with a $1,566/mo payment to leave $1,456/mo cash flow. Total monthly income runs $3,794/mo, and annual cash flow reaches $17,469/yr on $106,080 cash to close. Return on cash invested measures 36.38% in year one, and rental yield registers 14.23% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 192.62% and total cumulative return in cash totals $204,327. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,794/mo property income relative to a $1,566/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 shown for ZIP Code: 07302, Jersey City, NJ area.
| 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 |
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
Date | Event | Price |
|---|---|---|
| 2025-06-09 | Listed for sale | $390,000 |
| 2023-10-16 | Listing removed | N/A |
| 2023-10-12 | Price change | $2,450 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $7348.80 | -0.62% | $329,100 | N/A |
| 2023-10-19 | $7394.88 | 40.09% | $329,100 | N/A |
| 2022-10-19 | $5278.76 | N/A | $329,100 | N/A |
Listed by: KYLE KLAUS • PRESTIGE PROPERTIES
Mls Name: HCMLS
Mls ID: #230010017
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
