300 Communipaw Ave APT 16Jersey CityNJ07304
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 300 Communipaw Ave APT 16, Jersey City, NJ, 07304 in Jersey City is a conservative rental investment at $439,000. Rental yield 6.87%. A 1.27 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $121,288; $4,043/yr in principal paydown supplements. Total projected return: $128,688.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 5.1% |
| Monthly Cash Flow | $(615) | $1,850 |
City averages based on Jersey City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,514 |
| Total Monthly Debt Service | $2,954 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MICHAEL MCLAUGHLIN • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #260000744