322 3rd St APT 1, Jersey City, NJ, 07302 | $935/mo Cash Flow

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322 3rd St APT 1, Jersey City, NJ, 07302 | $935/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Jersey City at 322 3rd St APT 1, Jersey City, NJ, 07302 offers a 9.8% rental yield on a $899,000 purchase with $7,343/mo rent. Total monthly income registers $7,343/mo, and a $4,400/mo payment leaves $935/mo available for distribution. Annual cash flow reaches $11,223/yr on $295,771 to close, and return on cash invested stands at 23.85% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Portfolio math shows five-year ROI at 125.21% and total cumulative return in cash at $370,342. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,343/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 322 3rd Street Residence #1, a perfectly laid out two bedroom plus den with private entrance and soaring high ceilings! Located in a fully renovated 4-unit condominium property in the heart of Jersey City, offering modern luxury and oversized layouts. Each unit features 2 bedrooms plus a den, an open-concept kitchen seamlessly flowing into spacious dining areas and massive living rooms, all adorned with premium wood flooring and custom-designed kitchens with high-end finishes. The den is perfectly laid out to provide versatility of a bedroom, home office, and more. Located just moments from the Grove Street PATH station and the vibrant Newark Avenue Pedestrian Plaza, this property offers unparalleled access to shops, dining, parks, and public transportation, making it perfect for homeowners or investors seeking style, space, and urban convenience. Parking is available for an additional fee.

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