277 Harrison Ave APT E7Jersey 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 277 Harrison Ave APT E7, Jersey City, NJ, 07304 uses $117,981 cash to close to unlock $2,270/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $2,726/mo, and a $1,742/mo payment keeps the spread at $189/mo. Purchase price stands at $355,900, and rental yield measures 9.19% with $2,726/mo rent. Return on cash invested shows 21.83% in year one, and 5% annual appreciation builds toward $98,329 over five years. Five-year ROI reaches 114.41% and total cumulative return in cash records $134,982. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,726/mo property income covering a $1,742/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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: CATERINA PETERS • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #250022395