297 8th StJersey 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
Rental property for sale in Jersey City at 297 8th St, Jersey City, NJ, 07302 offers $5,440/mo rent that, after a $6,485/mo payment. Total monthly income is $5,440/mo. Return on cash invested measures 9.18% in year one, and rental yield stands at 4.93% at a $1,325,000 entry. Equity gained on principal adds $8,550/yr while 5% annual appreciation compounds into $366,073 by year five. Five-year ROI records 46.45% and total cumulative return in cash reaches $199,408. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,440/mo property income versus a $6,485/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1,125 sqft 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: Harold Wagner • PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Mls Name: HCMLS
Mls ID: #240020137
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.