300 Communipaw Ave #219XJersey CityNJ07304
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 300 Communipaw Ave #219X, Jersey City, NJ, 07304 in Jersey City at $825,000. Rental yield 6.87%. The 6.87% yield and 1.31 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $227,932 by year five, and $7,598/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $210,752.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 5.1% |
| Monthly Cash Flow | $(1,854) | $1,850 |
City averages based on Jersey City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,862 |
| Total Monthly Debt Service | $6,217 |
| DSCR Ratio | 0.78x |
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 1904
4.30 Acres lot
$N/A/sqft
$665 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
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 1904
4.30 Acres lot
$N/A/sqft
$665 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Mclaughlin • Compass New Jersey Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970766
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