308 2nd St APT 2Jersey 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
Investment property for sale in Jersey City at 308 2nd St APT 2, Jersey City, NJ, 07302 uses $132,567 cash to close to unlock $191/yr annual cash flow and $16/mo monthly cash flow. Total monthly income runs $2,866/mo, and a $1,957/mo payment keeps the spread at $16/mo. Purchase price stands at $399,900, and rental yield measures 8.6% with $2,866/mo rent. Return on cash invested shows 20.05% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 104.84% and total cumulative return in cash records $138,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,866/mo property income covering a $1,957/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: 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: YOSEF BRISMAN • REALTY MARK CENTRAL
Mls Name: HCMLS
Mls ID: #250024042