300 Communipaw Ave APT 122Jersey 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
Total monthly income runs $3,136/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 7.54% with $3,136/mo rent. Return on cash invested shows 16.86% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 87.72% and total cumulative return in cash records $145,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,136/mo property income covering a $2,442/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: ERIN DOWNS • LIFESTYLE INTERNATIONAL REALTY LLC
Mls Name: HCMLS
Mls ID: #250018011
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.