246 6th St #3Jersey CityNJ07302
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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 246 6th St #3, Jersey City, NJ, 07302 offers a 9.35% rental yield on a $839,000 purchase with $6,540/mo rent. Total monthly income registers $6,540/mo, and a $4,106/mo payment leaves $560/mo available for distribution. Annual cash flow reaches $6,723/yr on $276,031 to close, and return on cash invested stands at 22.5% in year one. Equity gained on principal adds $5,414/yr while 5% annual appreciation supports $231,800 over five years. Portfolio math shows five-year ROI at 117.93% and total cumulative return in cash at $325,524. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,540/mo property income against a $4,106/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
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
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Listed by: ANTHONY CURTY • SERHANT NEW JERSEY LLC
Mls Name: HCMLS
Mls ID: #250025904