308 2nd St APT 2Jersey CityNJ07302
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.6% yield at 308 2nd St APT 2, Jersey City, NJ, 07302 in Jersey City is solid, but the $1,798/mo payment compresses net cash flow to $16/mo at $399,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $110,485 by year five, and $3,683/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.59) without U.S. income documentation. Total projected return: $154,285.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.1% |
| Monthly Cash Flow | $16 | $1,850 |
City averages based on Jersey City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,866 |
| Total Monthly Debt Service | $2,691 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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: 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
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: 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: YOSEF BRISMAN • REALTY MARK CENTRAL
Mls Name: HCMLS
Mls ID: #250024042