260 Harrison Ave APT 403Jersey CityNJ07304
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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 260 Harrison Ave APT 403, Jersey City, NJ, 07304 listed at $220,000 pairs $2,333/mo rent with a $1,077/mo payment to leave $442/mo cash flow. Total monthly income runs $2,333/mo, and annual cash flow reaches $5,300/yr on $72,930 cash to close. Return on cash invested measures 27.18% in year one, and rental yield registers 12.73% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 144.99% and total cumulative return in cash totals $105,743. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,333/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1929
0.35 Acres lot
$N/A/sqft
$323 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07304, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,319 (100%) |
| Owner Occupied HU | 4,471 (20.0%) |
| Renter Occupied HU | 15,345 (68.8%) |
| Vacant Housing Units | 2,503 (11.2%) |
| Median Home Value | $571,772 |
| Average Home Value | $619,563 |
Housing Distribution
Address Breakdown
Residential
20,282
Single Family
9,517
Multi-Family
10,765
Businesses
1,035
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Listed by: N/A • N/A
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